CommScope Holding Company (NASDAQ:COMM) has been under a strong bear grip, hence the stock is down -0.94% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.38% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.71% in the last 1 week, and is up 0.66% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 6.19% 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 $31.26 and the 200 Day Moving Average price is recorded at $27.13.
The stock has recorded a 20-day Moving Average of 3.33% and the 50-Day Moving Average is 5.17%.
CommScope Holding Company (NASDAQ:COMM): stock turned positive on Friday. Though the stock opened at $31.49, the bulls momentum made the stock top out at $32.45 level for the day. The stock recorded a low of $31.39 and closed the trading day at $32.24, in the green by 3.53%. The total traded volume for the day was 990,392. The stock had closed at $31.14 in the previous days trading.
In an insider trading activity,The director of Commscope Holding Company, Inc., Drendel Frank M sold 7,336 shares at $31.24 on July 7, 2016. The Insider selling transaction had a total value worth of $229,177. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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).