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 $1.45 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.
A number of analysts have revised their coverage, including JMP Securities’s analysts, who began to cover the stock in late January with a ‘”a Mkt outperform”‘ rating. BMO Capital Markets also remained covering SBAC and has decreased its forecast on December 18, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. Wells Fargo revised its rating on July 15, 2024. It rated SBAC as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of SBAC
On Tuesday, SBA Communications Corp [NASDAQ:SBAC] saw its stock jump 6.82% to $238.50. Over the last five days, the stock has gained 3.06%. SBA Communications Corp shares have risen nearly 17.03% since the year began. Nevertheless, the stocks have risen 20.50% over the past one year. While a 52-week high of $252.64 was reached on 04/29/25, a 52-week low of $183.64 was recorded on 01/10/25. SMA at 50 days reached $219.51, while 200 days put it at $220.26.
Levels Of Support And Resistance For SBAC Stock
The 24-hour chart illustrates a support level at 232.52, which if violated will result in even more drops to 226.54. On the upside, there is a resistance level at 241.77. A further resistance level may holdings at 245.04. The Relative Strength Index (RSI) on the 14-day chart is 65.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.00, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.49%. Stochastics %K at 79.32% 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 2025-04-15, growing by 0.76 million shares to a total of 2.79 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 2.03 million shares. There was a rise of 27.2%, which implies that there is a positive sentiment for the stock.
