CommScope Holding Company (COMM) has risen sharply, recording gains of 0.8% in the past 4 weeks. However, the stock has corrected -0.56% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.35% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.22% and the 50-Day Moving Average is 1.05%.The 200 Day SMA reached 7.74%
CommScope Holding Company (NASDAQ:COMM): After opening at $30.03, the stock dipped to an intraday low of $29.57 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $30.295 and the buying power remained strong till the end. The stock closed at $30.11 for the day, a gain of 0.17% for the day session. The total traded volume was 1,930,276. The stocks close on the previous trading day was $30.11.
CommScope Holding Company (COMM) stock is expected to deviate a maximum of $3.71 from the average target price of $35.44 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $40 and the most muted being $27.
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).