Shares of American Tower Corp. AMT are higher on the session by 5.55%, currently trading at $46.58. The stock has been trading largely higher over the past three months and is nearing its new 52-week high.
Options traders are buying calls on the name today. The August $47.50 call was purchased 1,700 times on open interest of 1,063 contracts and the October $49.00 call was purchased 2,000 times on open interest of 505 contracts.
Call volume is currently running at 5.63x the daily average.
American Tower Corporation is a holding company. The company is a wireless and broadcast communications infrastructure company that develops, owns, and operates communications sites, including wireless communications towers, broadcast communications towers and distributed antenna system networks.
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Posted In: Long IdeasTechnicalsOptionsTrading IdeasTelecommunication ServicesWireless Telecommunication Services
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