Shares of CommScope Holding Company (COMM) Sees Large Inflow of Net Money Flow

CommScope Holding Company (COMM) : The money flow analysis of CommScope Holding Company (COMM) indicates a $4.84 million of outflow was on downticks, whereas, the investors on Monday gobbled up stocks worth $7.15 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.48 and so was the total money flow at $2.31 million. The bulls lapped up $2.39 million worth of block trades on upticks. The money flow was $2.39 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of CommScope Holding Company (COMM), pushing it down by -0.47% for the day. The stock slid $0.15 and traded at $31.75 during the day. Nonetheless, the stock is -1.52% over the previous weeks close.


CommScope Holding Company, Inc. is up 19.1% in the last 3-month period. Year-to-Date the stock performance stands at 22.33%. CommScope Holding Company, Inc. has lost 1.46% in the last five trading days and dropped 2.07% in the last 4 weeks. In a related news, Drendel Frank M, director of Commscope Holding Company, Inc., unloaded 7,336 shares at an average price of $31.24 on July 7, 2016. The total amount of the transaction was worth $229,177, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

CommScope Holding Company (NASDAQ:COMM): On Mondays trading session , Opening price of the stock was $31.94 with an intraday high of $32.104. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $31.64. However, the stock managed to close at $31.67, a loss of 0.72% for the day. On the previous day, the stock had closed at $31.9. The total traded volume of the day was 1,639,978 shares.

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).

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.