In a filing, SBA Communications Corp revealed its Director Chan Mary S unloaded Company’s shares for reported $0.31 million on Feb 28 ’25. In the deal valued at $218.07 per share,1,411 shares were sold. As a result of this transaction, Chan Mary S now holds 5,131 shares worth roughly $1.13 million.
Then, MARY CHAN bought 1,411 shares, generating $307,701 in total proceeds.
Before that, DAY DONALD sold 2,321 shares. SBA Communications Corp shares valued at $472,150 were divested by the EVP – SITE LEASING at a price of $203.43 per share. As a result of the transaction, DAY DONALD now holds 4,998 shares, worth roughly $1.1 million.
JMP Securities initiated its SBA Communications Corp [SBAC] rating to a Mkt outperform in a research note published on January 27, 2025; the price target was $250. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who decreased its forecast for the stock in mid December from “an Outperform” to “a Market perform”. Wells Fargo also remained covering SBAC and has decreased its forecast on July 15, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. BofA Securities revised its rating on March 07, 2024. It rated SBAC as “a Buy” which previously was an “a Neutral”.
Price Performance Review of SBAC
On Tuesday, SBA Communications Corp [NASDAQ:SBAC] saw its stock fall -0.98% to $219.35. Over the last five days, the stock has gained 0.08%. SBA Communications Corp shares have risen nearly 7.63% since the year began. Nevertheless, the stocks have risen 4.84% over the past one year. While a 52-week high of $252.64 was reached on 03/04/25, a 52-week low of $183.64 was recorded on 01/10/25. SMA at 50 days reached $204.38, while 200 days put it at $215.16.
Levels Of Support And Resistance For SBAC Stock
The 24-hour chart illustrates a support level at 216.02, which if violated will result in even more drops to 212.69. On the upside, there is a resistance level at 225.32. A further resistance level may holdings at 231.29. The Relative Strength Index (RSI) on the 14-day chart is 64.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.46, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 35.30%. Stochastics %K at 70.89% indicates the stock is a holding.
