CommScope Holding Company (COMM) : During the past 4 weeks, traders have been relatively bearish on CommScope Holding Company (COMM), hence the stock is down -6.13% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.51% relative to the S&P 500. The 4-week change in the price of the stock is -2.03% and the stock has fallen -1.05% in the past 1 week. The stock has recorded a 20-day Moving Average of 1.98% and the 50-Day Moving Average is 3.12%.
CommScope Holding Company (NASDAQ:COMM): The stock opened at $32.25 on Friday but the bulls could not build on the opening and the stock topped out at $32.76 for the day. The stock traded down to $31.73 during the day, due to lack of any buying support eventually closed down at $31.90 with a loss of -0.59% for the day. The stock had closed at $32.09 on the previous day. The total traded volume was 1,363,540 shares.
The company Insiders own 4.09% of CommScope Holding Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.29% . During last six month period, the net percent change held by insiders has seen a change of -1.2%. In a related news, Drendel Frank M, director of Commscope Holding Company, Inc., unloaded 7,336 shares at an average price of $31.24 on July 7, 2016. The total amount of the transaction was worth $229,177, according to the disclosed information 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).