Tuesday, December 12, 2017 10:15 PM ET
Insider Sale at CommScope Holding Company (COMM) Deemed Significant
There was a notable sale of shares of CommScope Holding Company by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Frank M Drendel, Director — sold 60,000 shares in the company having a market value of approximately $2,280,891. This is the first insider buy/sell trade in the past 90 days.
The number of buy-sell trades for CommScope Holding Company is close to that of the 71 member peer company average. The Communications & Networking peer group saw 96 buy/sell trades during this period for an average of 1.4 transactions per company. However, the number of shares per buy/sell trade transacted by CommScope Holding Company insiders is higher. Within the peer group there were 138,876 shares purchased and 1,089,566 shares sold with company insiders having sold 9,903 shares on average.
Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data used in creating and writing this story.
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