Overall market sentiment has been high on SBA Communications Corp (SBAC) stock lately. SBAC receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
SBA Communications Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SBAC!
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 SBAC Stock Today?
SBA Communications Corp (SBAC) stock is trading at $241.46 as of 2:34 PM on Tuesday, Nov 28, a rise of $3.98, or 1.68% from the previous closing price of $237.48. The stock has traded between $236.78 and $241.46 so far today. Volume today is light. So far 345,835 shares have traded compared to average volume of 865,996 shares.
More About SBA Communications Corp
SBA Communications Corp owns and operates roughly 34,177 cell towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, who 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 owns more than 17,356 towers in the U.S., which accounted for almost three fourths of the company's total revenue in 2021. Internationally, SBA's greatest presence is in Brazil, where it operates roughly 16,500 towers.
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