A Director at CommScope Holding (NASDAQ: COMM) is Selling Shares

Today, a Director at CommScope Holding (COMMResearch Report), Frank Drendel, sold shares of COMM for $1.48M.

This is Drendel’s first Sell trade following 5 Buy transactions. In addition to Frank Drendel, 2 other COMM executives reported Sell trades in the last month.

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COMM’s market cap is $3.63B and the company has a P/E ratio of 35.14. Currently, CommScope Holding has an average volume of 2.84M.

Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $28.20, reflecting a 50.0% upside.

In the last 30 days, insiders have sold $1.48M worth of COMM shares and purchased $237.1K worth of COMM shares. The insider sentiment on CommScope Holding has been positive according to 33 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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CommScope Holding Co., Inc. engages in the provision of infrastructure solutions for communications networks. It operates through the Connectivity Solutions (CCS), and Mobility Solutions (CMS) segments.

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