Shares of Cellnex Telecom, S.A. (OTCMKTS:CLNXF – Get Free Report) dropped 3.5% during trading on Wednesday. The stock traded as low as $25.5575 and last traded at $25.5575. 2,061 shares changed hands during trading, a decline of 55% from the average daily volume of 4,530 shares. The stock had previously closed at $26.4950.
Cellnex Telecom Stock Performance
The stock’s 50-day moving average is $30.54 and its 200-day moving average is $31.66.
About Cellnex Telecom
Cellnex Telecom is a Spain-based independent telecommunications infrastructure company that develops, owns and operates wireless communications sites and related network infrastructure. Its assets support mobile network operators, broadcasters, public authorities and other communications providers.
The company’s services and infrastructure include telecommunications towers, rooftop sites, distributed antenna systems, small-cell networks and other solutions designed to improve wireless coverage and capacity.
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