CommScope Holding Company Inc (NASDAQ:COMM) shares traded 1.94% higher at $6.29 on Wall Street last session.
COMM stock price is now 18.22% away from the 50-day moving average and 53.32% away from the 200-day moving average. The market capitalization of the company currently stands at $1.36B.
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, Lorentzen Kyle David, EVP & CFO bought 11,600 shares of the company’s stock on Mar 27 ’24. The stock was bought for $14,500 at an average price of $1.25. Upon completion of the transaction, the EVP & CFO now directly owns 712,475 shares in the company, valued at $4.48 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13 ’24, Director KRAUSE L WILLIAM bought 92,127 shares of the business’s stock. A total of $147,154 was incurred on buying the stock at an average price of $1.60. This leaves the insider owning 320,000 shares of the company worth $2.01 million. A total of 3.55% 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 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.
