Commscope Holding Company, Inc. (COMM): Philip Martin Jr Armstrong , SVP, Corporate Finance of Commscope Holding Company, Inc. sold 30,000 shares on May 5, 2016. The Insider selling transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were sold at $29.06 per share for a total value of $871,713.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, Randall W Crenshaw (EVP and COO) sold 25,000 shares at $28.75 per share price.On May 3, 2016, Joanne Townsend (SVP for CommScope, Inc.) sold 117,962 shares at $30.38 per share price.Also, On Apr 29, 2016, Peter U Karlsson (SVP of CommScope, Inc.) sold 30,000 shares at $30.68 per share price.On Apr 29, 2016, Marvin S Jr Edwards (President and CEO) sold 100,000 shares at $31.09 per share price.
Commscope Holding Company Inc: On Friday, May 6, 2016 heightened volatility was witnessed in Commscope Holding Company Inc which led to swings in the share price. The shares opened for trading at $29.06 and hit $29.56 on the upside , eventually ending the session at $29.55, with a gain of 1.55% or 0.45 points. The heightened volatility saw the trading volume jump to 16,96,139 shares. The 52-week high of the share price is $34.12 and the company has a market cap of $5,670 M . The 52-week low of the share price is at $19.37.
Company has been under the radar of several Street Analysts.Commscope Holding Company Inc is Upgraded by Goldman to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 9, 2016.Commscope Holding Company Inc is Upgraded by Raymond James to Outperform. Earlier the firm had a rating of Mkt Perform on the company shares. The Rating was issued on Feb 16, 2016.
CommScope Holding Company Inc. is provider of connectivity and infrastructure solutions for wireless business enterprise and residential broadband networks. The Company provides radio frequency (RF) solutions connectivity and cabling platforms data center and building infrastructure and broadband access solutions. The Company operates through three segments: Wireless Enterprise and Broadband. The Company’s solutions marketed primarily under the Andrew brand enable wireless operators to deploy both macro cell sites and small cell distributed antenna systems (DAS) solutions to meet coverage and capacity requirements. The Company’s enterprise connectivity solutions for data centers and commercial buildings comprises voice video data and converged solutions that support mission-critical applications. The Company provides cable and communications products that support the multichannel video voice and data services provided by multi-system operators (MSOs).