SBA Communications Corp’s recent filing unveils that its EXECUTIVE VP/GENERAL COUNSEL KOENIG JOSHUA unloaded Company’s shares for reported $0.5 million on Mar 07 ’25. In the deal valued at $224.18 per share,2,209 shares were sold. As a result of this transaction, KOENIG JOSHUA now holds 6,079 shares worth roughly $1.3 million.
Then, Chan Mary S sold 1,411 shares, generating $307,697 in total proceeds. Upon selling the shares at $218.07, the Director now owns 5,131 shares.
Before that, MARY CHAN bought 1,411 shares. SBA Communications Corp shares valued at $307,701 were divested by the Director at a price of $218.07 per share.
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 -2.00% to $214.31. Over the last five days, the stock has lost -3.96%. SBA Communications Corp shares have risen nearly 5.16% since the year began. Nevertheless, the stocks have fallen -0.33% 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 $210.07, while 200 days put it at $217.00.
Levels Of Support And Resistance For SBAC Stock
The 24-hour chart illustrates a support level at 212.76, which if violated will result in even more drops to 211.22. On the upside, there is a resistance level at 216.55. A further resistance level may holdings at 218.80. The Relative Strength Index (RSI) on the 14-day chart is 46.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.24%. Stochastics %K at 39.34% indicates the stock is a holding.
How much short interest is there in SBA Communications Corp?
A steep rise in short interest was recorded in SBA Communications Corp stocks on 2025-03-14, dropping by 31376.0 shares to a total of 2.03 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 2.06 million shares. There was a decline of -1.55%, which implies that there is a negative sentiment for the stock.
