Why CommScope Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Monday's Mid-Day Session
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2024
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Source: Benzinga
CommScope Holding Company, Inc. Stock Movement:
- Shares of CommScope Holding Company, Inc. COMM fell sharply during Monday’s session.
- B of A Securities analyst downgraded CommScope from Neutral to Underperform and lowered the price target.
- CommScope shares dipped 6.9% to $2.2150 on Monday.
Stocks Moving Up:
- Several stocks surged during the mid-day session, including Sagimet Biosciences, Rail Vision Ltd., Tenaya Therapeutics, Bullfrog AI Holdings, and more.
- Companies like Fisker Inc., Rumble Inc., and Digital World Acquisition Corp. saw significant gains due to various announcements and developments.
Stocks Moving Down:
- Virios Therapeutics, Processa Pharmaceuticals, Nuvve Holding Corp., and other companies experienced notable declines in their stock prices.
- Reasons for the decline included development plans, reverse stock splits, investigations, and missed study endpoints.
Analyst Ratings and Price Targets:
- Goldman Sachs upgraded StoneCo Ltd., while Morgan Stanley downgraded e.l.f. Beauty.
- Citigroup upgraded Fastly, Inc., and Coherus BioSciences, Inc. announced an agreement impacting its stock movement.
Industry News and Partnerships:
- Various companies made announcements or entered partnerships affecting their stock prices, such as Rumble Inc.'s partnership with Barstool Sports and Airspan
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.




