COMM - CommScope gains 8% as Chairman CFO buy shares

CommScope Holding (NASDAQ:COMM) is up 7.9% today after some insider buying. In SEC filings, the company disclosed that Chairman Claudius Watts bought 35,000 shares over the past week. At prices between $9.7282 and $9.8802 each, Watts spent about $342,000 on shares from Nov. 18-22. The moves leave him with direct beneficial ownership of 410,677 shares. Also, Chief Financial Officer David Lorentzen bought 25,000 shares at $9.7962 on Nov. 18, for an outlay of just under $245,000. That move leaves him with direct beneficial ownership of 86,900 shares. Since Aug. 4, shares in the company have lost 49% of their value:

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CommScope gains 8% as Chairman, CFO buy shares