Sunday, June 26, 2022

Investing in Compass Diversified [CODI]: What You Must Know

Compass Diversified’s recently made public that its MACIARIELLO PATRICK A acquired Company’s shares for reported $0.14 million on Feb 28. In the deal valued at $23.29 per share,6,000 shares were bought. As a result of this transaction, MACIARIELLO PATRICK A now holds 184,518 shares worth roughly $ 4.23 million.


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Then, DAY C SEAN bought 3,867 shares, generating $119,713 in total proceeds. Upon buying the shares at $30.96, the See Remark (a) now owns 468,517 shares.

Before that, ENTERLINE LARRY L bought 3,224 shares. Compass Diversified shares valued at $99,759 were divested by the See Remark (a) at a price of $30.94 per share. As a result of the transaction, ENTERLINE LARRY L now holds 12,200 shares, worth roughly $0.28 million.

Taking this into account, B. Riley Securities initiated its Compass Diversified [CODI] rating to a Buy in a research note published on Tuesday, April 08, 2022; the price target was $33. PT values the company’s stock at a premium of 30.45 to its Tuesday closing price. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid September with a ‘”a Perform”‘ rating.

Price Performance Review of CODI

On Tuesday, Compass Diversified [NYSE:CODI] saw its stock fall -1.08% to $22.95. On the same session, the stock had its day’s lowest price of $22.83, but rose to a high of $24.06. Over the last five days, the stock has gained 4.94%. Compass Diversified shares have fallen nearly -24.95% since the year began. Nevertheless, the stocks have fallen -6.66% over the past one year. While a 52-week high of $33.31 was reached on 01/03/22, a 52-week low of $20.30 was recorded on 05/12/22. SMA at 50 days reached $22.71, while 200 days put it at $26.54. A total of 0.86 million shares were traded, compared to the trading of 0.58 million shares in the previous session.

Levels Of Support And Resistance For CODI Stock

The 24-hour chart illustrates a support level at 22.50, which if violated will result in even more drops to 22.05. On the upside, there is a resistance level at 23.73. A further resistance level may holdings at 24.51. The Relative Strength Index (RSI) on the 14-day chart is 50.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.73%. Stochastics %K at 35.10% indicates the stock is a holding.

Compass Diversified [CODI] – Who Are The Largest Shareholders?

According to FactSet, Compass Diversified’s share price will average $28.75 in the next year, based on opinions of analysts polled by the firm. This is up nearly 25.0 percent from its previous closing price of $23.20. Analysts expect Compass Diversified stock to reach the higher price of $33.00, while the lowest price estimate is $24.00. However, 6 analysts have rated CODI stock as an Overweight in their predictions for 2022.

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