In a filing, American Tower Corp revealed its EVP, CFO & Treasurer Smith Rodney M unloaded Company’s shares for reported $3.0 million on Jan 16 ’25. In the deal valued at $181.10 per share,16,567 shares were sold. As a result of this transaction, Smith Rodney M now holds 62,792 shares worth roughly $11.64 million.
Then, RODNEY SMITH bought 16,567 shares, generating $3,000,385 in total proceeds.
Before that, Goel Sanjay sold 5,000 shares. American Tower Corp shares valued at $1,190,000 were divested by the EVP & President, Asia-Pacific at a price of $238.00 per share. As a result of the transaction, Goel Sanjay now holds 18,621 shares, worth roughly $3.45 million.
JMP Securities initiated its American Tower Corp [AMT] rating to a Mkt outperform in a research note published on January 27, 2025; the price target was $225. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early October from “an Overweight” to “an Equal weight”. Goldman began covering AMT with “Buy” recommendation on July 01, 2024. Raymond James revised its rating on May 01, 2024. It rated AMT as “a Strong buy” which previously was an “an Outperform”.
Price Performance Review of AMT
On Monday, American Tower Corp [NYSE:AMT] saw its stock jump 0.23% to $185.37. Over the last five days, the stock has lost -3.47%. American Tower Corp shares have risen nearly 1.07% since the year began. Nevertheless, the stocks have fallen -5.25% over the past one year. While a 52-week high of $243.56 was reached on 01/21/25, a 52-week low of $170.46 was recorded on 01/10/25. SMA at 50 days reached $191.52, while 200 days put it at $204.27.
Levels Of Support And Resistance For AMT Stock
The 24-hour chart illustrates a support level at 182.85, which if violated will result in even more drops to 180.32. On the upside, there is a resistance level at 187.20. A further resistance level may holdings at 189.02. The Relative Strength Index (RSI) on the 14-day chart is 48.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.97%. Stochastics %K at 56.84% indicates the stock is a holding.
How much short interest is there in American Tower Corp?
A steep rise in short interest was recorded in American Tower Corp stocks on 2025-01-15, growing by 0.54 million shares to a total of 5.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 4.55 million shares. There was a rise of 10.71%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 08, 2024 when Mizuho began covering the stock and recommended ‘”a Neutral”‘ rating along with a $205 price target.
