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Whales with a lot of money to spend have taken a noticeably bearish stance on American Tower, with 60% of investors opening trades with bearish expectations. The big players have been eyeing a price window from $190.0 to $200.0 for American Tower during the past quarter. American Tower owns and operates more than 220,000 cell towers throughout the US, Asia, Latin America, Europe, and Africa. The company operates more than 40,000 towers in the US, which accounted for almost half of the company's total revenue in 2023. The trading volume stands at 1,394,632, with AMT's price up by 3.32%, positioned at $193.17. Analysts have proposed an average target price of $230.33 for the stock. Options are a riskier asset compared to just trading the stock, but they have higher profit potential. If you want to stay updated on the latest options trades for American Tower, Benzinga Pro gives you real-time options trades alerts.
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