Do Traders Think American Tower Corp (AMT) Can Keep Climbing Monday?

The market has been high on American Tower Corp (AMT) stock recently. AMT gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

American Tower Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AMT!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With AMT Stock Today?

American Tower Corp (AMT) stock is trading at $271.42 as of 2:01 PM on Monday, Dec 6, a gain of $4.38, or 1.64% from the previous closing price of $267.04. The stock has traded between $267.34 and $272.90 so far today. Volume today is low. So far 904,793 shares have traded compared to average volume of 1,763,285 shares. To see InvestorsObserver's Sentiment Score for American Tower Corp click here.

More About American Tower Corp

American Tower owns and operates more than 180,000 cell towers throughout the U.S., Asia, Latin America, Europe, and the Middle East. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company operates more than 40,000 towers in the U.S., which accounted for more than half of its total revenue in 2020. Outside the U.S., American Tower's greatest presence is in India and Brazil, where it operates roughly 75,000 and 19,000 towers, respectively. American Tower operates as a real estate investment trust. Click Here to get the full Stock Report for American Tower Corp stock.