Where Will American Tower Corp (AMT) Stock Go Next After It Is Up 5.36% in a Week?

American Tower Corp (AMT) stock has risen 5.36% over the past week and gets a Bullish rating from InvestorsObserver 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!

See Full AMT Report

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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With AMT Stock Today?

American Tower Corp (AMT) stock is trading at $208.12 as of 2:02 PM on Wednesday, Nov 29, an increase of $4.90, or 2.41% from the previous closing price of $203.22. The stock has traded between $203.99 and $208.82 so far today. Volume today is 1,762,856 compared to average volume of 2,345,774. To see InvestorsObserver's Sentiment Score for 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 the Middle East. 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.