Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. CommScope Holding Company Inc shares valued at $14,500 were purchased by Lorentzen Kyle David on Mar 27 ’24. At $1.25 per share, Lorentzen Kyle David acquired 11,600 shares. The insider’s holdings grew to 712,475 shares worth approximately $0.81 million following the completion of this transaction.
Also, KRAUSE L WILLIAM purchased 92,127 shares, netting a total of over 147,154 in proceeds. Following the buying of shares at $1.60 each, the insider now holds 320,000 shares.
Before that, KRAUSE L WILLIAM had added 57,300 shares to its account. In a trade valued at $90,952, the Director bought CommScope Holding Company Inc shares for $1.59 each. Upon closing the transaction, the insider’s holdings increased to 57,300 shares, worth approximately $0.26 million.
As published in a research note from JP Morgan on March 04, 2024, CommScope Holding Company Inc [COMM] has been rated down from a Neutral to an Underweight. Analysts at Northland Capital downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in early March. As of January 22, 2024, BofA Securities has decreased its “Neutral” rating to a “an Underperform” for COMM. Earlier on November 16, 2023, Raymond James upgraded its rating. Their new recommendation was “a Mkt perform” for COMM stock which previously was a “an Underperform”.
Analyzing COMM Stock Performance
During the last five days, there has been a drop of approximately -1.72%. Over the course of the year, CommScope Holding Company Inc shares have dropped approximately -59.57%. Shares of the company reached a 52-week high of $2.9650 on 01/02/24 and a 52-week low of $0.8942 on 03/04/24. A 50-day SMA is recorded $1.6344, while a 200-day SMA reached $2.7546. Nevertheless, trading volume fell to 2.07 million shares from 1.58 million shares the previous day.
Support And Resistance Levels for CommScope Holding Company Inc (COMM)
According to the 24-hour chart, there is a support level at 1.1150, which, if violated, would cause prices to drop to 1.0900. In the upper region, resistance lies at 1.1700. The next price resistance is at 1.2000. RSI (Relative Strength Index) is 37.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0483, which suggests the price will decrease in the coming days. Percent R is at 95.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is CommScope Holding Company Inc subject to short interest?
Stocks of CommScope Holding Company Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -1.79 million shares to 9.43 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 11.22 million shares. A decline of -18.98% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.91 of the overall float, the days-to-cover ratio (short ratio) decline to 1.91.
