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 $4.48 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 $1.43 million.
As published in a research note from JP Morgan on January 14, 2025, CommScope Holding Company Inc [COMM] has been rated up from an Underweight to a Neutral and the price target has been revised to $5. Analysts at Raymond James downgraded the stock from ‘”a Mkt perform”‘ to ‘”an Underperform”‘ outlook in a report released in early January. As of December 17, 2024, Morgan Stanley has decreased its “an Equal-weight” rating to a “an Underweight” for COMM. Earlier on March 04, 2024, JP Morgan downgraded its rating. Their new recommendation was “an Underweight” for COMM stock which previously was a “a Neutral”.
Analyzing COMM Stock Performance
During the last five days, there has been a surge of approximately 16.05%. Over the course of the year, CommScope Holding Company Inc shares have jumped approximately 20.73%. Shares of the company reached a 52-week high of $6.61 on 02/27/25 and a 52-week low of $4.49 on 01/28/25. A 50-day SMA is recorded $5.32, while a 200-day SMA reached $4.10.
Support And Resistance Levels for CommScope Holding Company Inc (COMM)
According to the 24-hour chart, there is a support level at 5.97, which, if violated, would cause prices to drop to 5.64. In the upper region, resistance lies at 6.61. The next price resistance is at 6.93. RSI (Relative Strength Index) is 67.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.52, which suggests the price will decrease in the coming days. Percent R is at 16.45%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
