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

Overall market sentiment has been high on American Tower Corp (AMT) stock lately. AMT receives a Bullish rating 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?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With AMT Stock Today?

American Tower Corp (AMT) stock is trading at $220.46 as of 1:37 PM on Thursday, Dec 1, a loss of -$0.79, or -0.36% from the previous closing price of $221.25. The stock has traded between $220.25 and $225.97 so far today. Volume today is below average. So far 621,148 shares have traded compared to average volume of 2,094,004 shares. To screen for more stocks like American Tower Corp click here.

More About American Tower Corp

American Tower owns and operates more than 220,000 cell towers throughout the U.S., Asia, Latin America, Europe, and Africa. It also owns and/or operates 25 data centers in eight U.S. markets after acquiring CoreSite. On its towers, 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 2021. 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.