Crown Castle Down Nearly 7%, on Pace for Largest Percent Decrease Since August 2011 -- Data Talk

Crown Castle International Corp (CCI) is currently at $151.57, down $11.12 or 6.84%

-- Would be lowest close since Feb. 7, 2020, when it closed at $150.49

-- On pace for largest percent decrease since Aug. 4, 2011, when it fell 6.94%

-- On Wednesday, Crown Castle said it was re-stating multiple years of results citing errors in when revenue from tower installation services was recognized

-- The company said fourth-quarter net revenue rose to $1.43 billion from $1.41 billion a year earlier. Analysts expected $1.42 billion. Net income, after $28 million in preferred stock dividends, rose to $180 million, or 43 cents a share

-- Currently down four consecutive days; down 9.81% over this period

-- Longest losing streak since Nov. 5, 2019, when it fell for four straight trading days

-- Worst four day stretch since the four days ending March 3, 2009, when it fell 10.81%

-- Up 6.63% year-to-date

-- Down 9.81% from its all-time closing high of $168.06 on Feb. 21, 2020

-- Up 27.64% from its 52 week closing low of $118.75 on Feb. 28, 2019

-- Traded as low as $147.00; lowest intraday level since Jan. 21, 2020, when it hit $145.12

-- Down 9.64% at today's intraday low; largest intraday percent decrease since Feb. 17, 2009, when it fell as much as 9.7%

-- Fifth worst performer in the S&P 500 today

All data as of 11:48:58 AM

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

February 27, 2020 12:21 ET (17:21 GMT)

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