CommScope Holding Company (NASDAQ:COMM), A drop of 849,976 shares or 10.6% was seen in the short interest of CommScope Holding Company, Inc.. Even as the interest dropped from 8,052,339 shares on May 31,2016 to 7,202,363 shares on June 15,2016, the days to cover came in at 8. The updated interest stood at 4.9% of the stocks floats. The stock has seen an average daily volume of 864,010 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
CommScope Holding Company (NASDAQ:COMM): The stock opened at $30.62 on Friday but the bulls could not build on the opening and the stock topped out at $31.09 for the day. The stock traded down to $29.80 during the day, due to lack of any buying support eventually closed down at $29.86 with a loss of -7.07% for the day. The stock had closed at $32.13 on the previous day. The total traded volume was 4,128,835 shares.
The company shares have dropped -1.68% from its 1 Year high price. On Sep 9, 2015, the shares registered one year high at $34.12 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $31.03 and the 200 Day Moving Average price is recorded at $26.81.
CommScope Holding Company (NASDAQ:COMM) has tumbled 8.29% during the past week and has dropped 3.83% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 6.77%. CommScope Holding Company (NASDAQ:COMM) has underperformed the index by 0.92% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
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 Companys 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 Companys 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).