American Tower Rises On Unusually High Volume (AMT)

NEW YORK ( TheStreet) -- American Tower (NYSE: AMT) is trading at unusually high volume Wednesday with 5.8 million shares changing hands. It is currently at two times its average daily volume and trading up $2.36 (+3.3%) at $75.22 as of 3:35 p.m. ET.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

American Tower has a market cap of $28.49 billion and is part of the financial sector and real estate industry. Shares are down 6.8% year to date as of the close of trading on Tuesday.

American Tower Corporation, a real estate investment trust, operates as a wireless and broadcast communications infrastructure company. It develops, owns, and operates communications sites.

TheStreet Ratings rates American Tower as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full American Tower Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..
null

If you liked this article you might like

More Risk Than Reward on American Tower

Stocks Are Guilty by Association: Cramer's 'Mad Money' Recap (Thursday 7/20/17)

Cramer: These Sectors Look Bullish (Part III)

Cramer: There Are Powerful Themes in Several Bull Markets

Southwest, Hawaiian Holdings, Nucor, and American Water Works: 'Mad Money' Lightning Round