SBA Communications (SBAC) Surges 4.0%: Is This an Indication of Further Gains?

SBA Communications (SBAC) shares soared 4% in the last trading session to close at $249.31. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 2.2% loss over the past four weeks. The increased investor optimism in the stock can be attributed to the favorable operating environment. This communications tower operator is expected to post quarterly funds from operations ( of$ 3.32 per share in its upcoming report, which represents a yea ...