The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. American Tower Corp shares valued at $3,000,353 were sold by Smith Rodney M on Jan 16 ’25. At $181.10 per share, Smith Rodney M sold 16,567 shares. The insider’s holdings dropped to 62,792 shares worth approximately $11.91 million following the completion of this transaction.
Also, RODNEY SMITH purchased 16,567 shares, netting a total of over 3,000,385 in proceeds.
Before that, Goel Sanjay had sold 5,000 shares from its account. In a trade valued at $1,190,000, the EVP & President, Asia-Pacific traded American Tower Corp shares for $238.00 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $3.53 million.
As published in their initiating research note from JMP Securities on January 27, 2025, American Tower Corp [AMT] has been a Mkt outperform and the price target has been revised to $225. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early October. As of July 01, 2024, Goldman has initiated its “Buy” rating for AMT. Earlier on May 01, 2024, Raymond James upgraded its rating. Their new recommendation was “a Strong buy” for AMT stock which previously was a “an Outperform”.
Analyzing AMT Stock Performance
During the last five days, there has been a surge of approximately 2.11%. Over the course of the year, American Tower Corp shares have jumped approximately 3.46%. Shares of the company reached a 52-week high of $193.77 on 01/21/25 and a 52-week low of $172.51 on 01/10/25. A 50-day SMA is recorded $190.65, while a 200-day SMA reached $204.50. Nevertheless, trading volume fell to 1.41 million shares from 1.87 million shares the previous day.
Support And Resistance Levels for American Tower Corp (AMT)
According to the 24-hour chart, there is a support level at 187.69, which, if violated, would cause prices to drop to 185.63. In the upper region, resistance lies at 190.84. The next price resistance is at 191.93. RSI (Relative Strength Index) is 54.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.17, which suggests the price will decrease in the coming days. Percent R is at 34.57%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
