CommScope Holding Company (COMM) has risen sharply, recording gains of 5.93% in the past 4 weeks. However, the stock has corrected -0.85% in the past 1 week, providing a good buying opportunity on dips. CommScope Holding Company (COMM) : During the past 4 weeks, traders have been relatively bearish on CommScope Holding Company (COMM), hence the stock is down -0.77% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.45% relative to the S&P 500.
CommScope Holding Company (NASDAQ:COMM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.71 and $31.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.63, notching a gain of 0.13% for the day. The total traded volume was 1,499,651 . The stock had closed at $31.59 on the previous day.
The stock has recorded a 20-day Moving Average of 1.53% and the 50-Day Moving Average is 1.48%. CommScope Holding Company, Inc. is up 18.2% in the last 3-month period. Year-to-Date the stock performance stands at 22.17%.
CommScope Holding Company, Inc. is provider of connectivity and infrastructure solutions for wireless, business enterprise and residential broadband networks. The Company provides radio frequency (RF) solutions, connectivity and cabling platforms, data center and building infrastructure, and broadband access solutions. The Company operates through three segments: Wireless, Enterprise and Broadband. The Companys solutions, marketed primarily under the Andrew brand, enable wireless operators to deploy both macro cell sites and small cell distributed antenna systems (DAS) solutions to meet coverage and capacity requirements. The Companys enterprise connectivity solutions for data centers and commercial buildings comprises voice, video, data and converged solutions that support mission-critical applications. The Company provides cable and communications products that support the multichannel video, voice and data services provided by multi-system operators (MSOs).