Why American Tower Stock Is Sinking Today
American Tower (NYSE: AMT) stock is losing ground Tuesday trading. The company's share price was down 3.5% as of 2 p.m. ET. The sell-off came despite the S&P 500 (SNPINDEX: ^GSPC) being up 0.3% at the same point in the day's trading.
American Tower released its third-quarter results before the market opened this morning and reported sales and operating funds for the period that beat the market's expectations. The real estate investment trust (REIT) also raised its full-year guidance, but that hasn't been enough to stop the stock from losing ground today.
Image source: Getty Images.
Source Fool.com
