SBA Communications Corp’s filing revealed that its Director LANGER JACK unloaded Company’s shares for reported $1.2 million on May 01 ’25. In the deal valued at $240.59 per share,5,000 shares were sold. As a result of this transaction, LANGER JACK now holds 10,522 shares worth roughly $2.43 million.
Then, LANGER JACK bought 5,000 shares, generating $1,211,525 in total proceeds.
Before that, KOENIG JOSHUA sold 2,209 shares. SBA Communications Corp shares valued at $495,214 were divested by the EXECUTIVE VP/GENERAL COUNSEL at a price of $224.18 per share. As a result of the transaction, KOENIG JOSHUA now holds 6,079 shares, worth roughly $1.4 million.
Deutsche Bank downgraded its SBA Communications Corp [SBAC] rating to a Hold from a a Buy in a research note published recently. JMP Securities started covering the stock on January 27, 2025. It rated SBAC as “a Mkt outperform”.
Price Performance Review of SBAC
On Tuesday, SBA Communications Corp [NASDAQ:SBAC] saw its stock jump 0.65% to $231.01. Over the last five days, the stock has lost -1.91%. SBA Communications Corp shares have risen nearly 13.35% since the year began. Nevertheless, the stocks have risen 19.22% over the past one year. While a 52-week high of $252.64 was reached on 05/06/25, a 52-week low of $185.44 was recorded on 01/10/25. SMA at 50 days reached $226.28, while 200 days put it at $222.12.
Levels Of Support And Resistance For SBAC Stock
The 24-hour chart illustrates a support level at 228.87, which if violated will result in even more drops to 226.74. On the upside, there is a resistance level at 232.80. A further resistance level may holdings at 234.59. The Relative Strength Index (RSI) on the 14-day chart is 50.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.39%. Stochastics %K at 38.36% indicates the stock is a holding.
