Commscope Holding Company, Inc. (COMM): Frank M Drendel , director of Commscope Holding Company, Inc. sold 30,000 shares on Sep 19, 2016. The Insider selling transaction was reported by the company on Sep 21, 2016 to the Securities and Exchange Commission. The shares were sold at $31.23 per share for a total value of $936,744.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 2, 2016, Peter U Karlsson (SVP of CommScope, Inc.) sold 7,796 shares at $29.73 per share price.On Jul 8, 2016, Frank M Drendel (director) sold 7,336 shares at $31.24 per share price.Also, On Jun 22, 2016, Frank B Ii Wyatt (SVP, General Counsel & Sec) sold 700 shares at $33.01 per share price.On Jun 8, 2016, Marvin S Jr Edwards (President and CEO) sold 100,000 shares at $32.15 per share price.
Shares of Commscope Holding Company Inc (COMM) ended Tuesday, Sep 21, 2016 session in red amid volatile trading. The shares closed down -0.24 points or -0.77% at $30.83 with 16,03,994 shares getting traded. Post opening the session at $31.01, the shares hit an intraday low of $30.51 and an intraday high of $31.1699 and the price vacillated in this range throughout the day. The company has a market cap of $5,939 M and the number of outstanding shares has been calculated to be 19,26,38,390 shares. The 52-week high of Commscope Holding Company Inc is $33.54 and the 52-week low is $19.37.
Company has been under the radar of several Street Analysts.Commscope Holding Company Inc is Initiated by Morgan Stanley to Equal-Weight and the brokerage firm has set the Price Target at $35. The Rating was issued on Sep 20, 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).