Why American Tower Stock Jumped 8.6% Today
A SpaceX spectrum deal sent tower stocks soaring and carrier stocks sliding.
Overview
Shares of American Tower (NYSE:AMT) are standing tall today. As of 11:35 a.m. ET, the wireless infrastructure giant was up 8.6% on another company's news.
Image source: Getty Images.
The catalyst here is Space Exploration Technologies (NASDAQ:SPCX) agreeing to spend $8 billion on a high-quality radio spectrum portfolio.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.