The stock of CommScope Holding Company Inc (NASDAQ:COMM) last traded at $4.94, up 6.70% from the previous session.
COMM stock price is now -6.50% away from the 50-day moving average and 14.96% away from the 200-day moving average. The market capitalization of the company currently stands at $1.07B.
With the price target maintained at $5, JP Morgan recently Upgraded its rating from Underweight to Neutral for CommScope Holding Company Inc (NASDAQ: COMM). , while ‘Morgan Stanley’ rates the stock as ‘Underweight’
In other news, Firouzbakht Farid, Officer bought 284,244 shares of the company’s stock on Mar 10 ’25. The stock was bought for $1,338,736 at an average price of $4.71. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 27 ’24, EVP & CFO Lorentzen Kyle David bought 11,600 shares of the business’s stock. A total of $14,500 was incurred on buying the stock at an average price of $1.25. This leaves the insider owning 712,475 shares of the company worth $3.52 million. A total of 4.27% of the company’s stock is owned by insiders.
During the past 12 months, CommScope Holding Company Inc has had a low of $0.86 and a high of $7.19. The fifty day moving average price for COMM is $5.2835 and a two-hundred day moving average price translates $4.297225 for the stock.
The latest earnings results from CommScope Holding Company Inc (NASDAQ: COMM) was released for 2024-12-31. The company reported revenue of $568.3 million for the quarter, compared to $258.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 119.76 percent.
