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Where Will Crown Castle Inc (CCI) Stock Go Next After It Has Gained 0.50% in a Week?

Wednesday, March 27, 2024 03:19 PM | InvestorsObserver Analysts

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Where Will Crown Castle Inc (CCI) Stock Go Next After It Has Gained 0.50% in a Week?

The market has been down on Crown Castle Inc (CCI) stock recently. CCI gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Crown Castle Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CCI!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 CCI Stock Today?

Crown Castle Inc (CCI) stock is trading at $105.04 as of 3:05 PM on Wednesday, Mar 27, a rise of $3.11, or 3.05% from the previous closing price of $101.93. The stock has traded between $102.81 and $105.24 so far today. Volume today is below average. So far 1,394,484 shares have traded compared to average volume of 2,728,384 shares.

More About Crown Castle Inc

Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 80,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company's fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle's towers and fiber are predominantly located in the largest U.S. cities. The company has a very concentrated customer base, with more than 70% of its revenue coming from the big three U.S. mobile carriers. Crown Castle operates as a real estate investment trust. Click Here to get the full Stock Report for Crown Castle Inc stock.

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