CommScope Holding Company Inc’s filing revealed that its EVP & CFO Lorentzen Kyle David acquired Company’s shares for reported $14500.0 on Mar 27 ’24. In the deal valued at $1.25 per share,11,600 shares were bought. As a result of this transaction, Lorentzen Kyle David now holds 712,475 shares worth roughly $0.71 million.
Then, KRAUSE L WILLIAM bought 92,127 shares, generating $147,154 in total proceeds. Upon buying the shares at $1.60, the Director now owns 320,000 shares.
Before that, KRAUSE L WILLIAM bought 57,300 shares. CommScope Holding Company Inc shares valued at $90,952 were divested by the Director at a price of $1.59 per share. As a result of the transaction, KRAUSE L WILLIAM now holds 227,873 shares, worth roughly $0.23 million.
JP Morgan downgraded its CommScope Holding Company Inc [COMM] rating to an Underweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Northland Capital’s analysts, who decreased its forecast for the stock in early March from “an Outperform” to “a Market perform”. BofA Securities also remained covering COMM and has decreased its forecast on January 22, 2024 with a “an Underperform” recommendation from previously “Neutral” rating. Raymond James revised its rating on November 16, 2023. It rated COMM as “a Mkt perform” which previously was an “an Underperform”.
Price Performance Review of COMM
On Friday, CommScope Holding Company Inc [NASDAQ:COMM] saw its stock fall -5.52% to $0.99. Over the last five days, the stock has gained 5.99%. CommScope Holding Company Inc shares have fallen nearly -64.82% since the year began. Nevertheless, the stocks have fallen -79.20% over the past one year. While a 52-week high of $6.64 was reached on 01/02/24, a 52-week low of $0.86 was recorded on 04/25/24. SMA at 50 days reached $1.2284, while 200 days put it at $2.3515. A total of 3.77 million shares were traded, compared to the trading of 7.01 million shares in the previous session.
Levels Of Support And Resistance For COMM Stock
The 24-hour chart illustrates a support level at 0.9220, which if violated will result in even more drops to 0.8520. On the upside, there is a resistance level at 1.1201. A further resistance level may holdings at 1.2482. The Relative Strength Index (RSI) on the 14-day chart is 44.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0009, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.52%. Stochastics %K at 43.62% indicates the stock is a holding.
