CommScope Holding Company Inc’s recently made public 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 $4.07 million.
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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 $1.3 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 Monday, CommScope Holding Company Inc [NASDAQ:COMM] saw its stock jump 7.13% to $5.71. Over the last five days, the stock has gained 27.17%. CommScope Holding Company Inc shares have risen nearly 102.48% since the year began. Nevertheless, the stocks have risen 56.44% over the past one year. While a 52-week high of $5.38 was reached on 09/16/24, a 52-week low of $0.86 was recorded on 04/25/24. SMA at 50 days reached $3.08, while 200 days put it at $2.02.
Levels Of Support And Resistance For COMM Stock
The 24-hour chart illustrates a support level at 5.38, which if violated will result in even more drops to 5.06. On the upside, there is a resistance level at 5.88. A further resistance level may holdings at 6.06. The Relative Strength Index (RSI) on the 14-day chart is 81.76, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 0.97%. Stochastics %K at 97.97% indicates the stock is a selling.
How much short interest is there in CommScope Holding Company Inc?
A steep rise in short interest was recorded in CommScope Holding Company Inc stocks on 2024-08-30, dropping by -2.78 million shares to a total of 6.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 9.63 million shares. There was a decline of -40.66%, which implies that there is a negative sentiment for the stock.
