Commscope Holding Company, Inc. (COMM) Files Form 4 Insider Selling : Frank M Drendel Sells 15,000 Shares

Commscope Holding Company, Inc. (COMM): Frank M Drendel , director of Commscope Holding Company, Inc. sold 15,000 shares on Jun 6, 2016. The Insider selling transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were sold at $31.91 per share for a total value of $478,672.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 7, 2016, Frank B Ii Wyatt (SVP, General Counsel & Sec) sold 30,000 shares at $31.96 per share price.On Jun 1, 2016, Peter U Karlsson (SVP of CommScope, Inc.) sold 10,000 shares at $30.90 per share price.Also, On May 27, 2016, Philip Martin Jr Armstrong (SVP, Corporate Finance) sold 15,000 shares at $31.01 per share price.On May 4, 2016, Randall W Crenshaw (EVP and COO) sold 25,000 shares at $28.75 per share price.

Commscope Holding Company Inc (COMM) witnessed a volatile trading activity on Tuesday Jun 7, 2016 and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $32.17 and reached the intraday high at $32.48. The bulls started the profit booking and pushed the shares to intraday low of $31.84. The trading session was marked by a volume range of 10,34,933 shares exchanging hands. The 52-week high of the shares is $34.12 and the 52-week low is $19.37. The market cap of the company stands at $6,171 M and there are 19,18,85,520 shares in public circulation.

Commscope Holding Company Inc Money Flow Index Chart

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 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).

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