Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. SBA Communications Corp shares valued at $472,150 were sold by DAY DONALD on Dec 20 ’24. At $203.43 per share, DAY DONALD sold 2,321 shares. The insider’s holdings dropped to 4,998 shares worth approximately $0.99 million following the completion of this transaction.
Also, Ciarfella Mark R sold 3,545 shares, netting a total of over 795,235 in proceeds. Following the sale of shares at $224.33 each, the insider now holds 33,588 shares.
Before that, DAY DONALD had sold 1,500 shares from its account. In a trade valued at $364,290, the EVP – SITE LEASING traded SBA Communications Corp shares for $242.86 each. Upon closing the transaction, the insider’s holdings decreased to 1,500 shares, worth approximately $0.99 million.
As published in their initiating research note from JMP Securities on January 27, 2025, SBA Communications Corp [SBAC] has been a Mkt outperform and the price target has been revised to $250. Analysts at BMO Capital Markets downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in mid December. As of July 15, 2024, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for SBAC. Earlier on March 07, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for SBAC stock which previously was a “a Neutral”.
Analyzing SBAC Stock Performance
During the last five days, there has been a drop of approximately -0.15%. Over the course of the year, SBA Communications Corp shares have dropped approximately -2.80%. Shares of the company reached a 52-week high of $208.45 on 01/27/25 and a 52-week low of $192.55 on 01/10/25. A 50-day SMA is recorded $209.56, while a 200-day SMA reached $213.71. Nevertheless, trading volume fell to 0.74 million shares from 0.82 million shares the previous day.
Support And Resistance Levels for SBA Communications Corp (SBAC)
According to the 24-hour chart, there is a support level at 195.74, which, if violated, would cause prices to drop to 193.38. In the upper region, resistance lies at 201.48. The next price resistance is at 204.86. RSI (Relative Strength Index) is 44.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.04, which suggests the price will increase in the coming days. Percent R is at 65.09%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
