Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Compass Inc. shares valued at $3,116 were sold by Wilkie Danielle J. on Sep 07. At $2.81 per share, Wilkie Danielle J. sold 1,109 shares. The insider’s holdings dropped to 302 shares worth approximately $691.58 following the completion of this transaction.
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Also, Sirosh Joseph sold 78,702 shares, netting a total of over 288,049 in proceeds. Following the sale of shares at $3.66 each, the insider now holds 328,555 shares.
Before that, Sirosh Joseph had sold 71,880 shares from its account. In a trade valued at $290,395, the Chief Technology Officer traded Compass Inc. shares for $4.04 each. Upon closing the transaction, the insider’s holdings decreased to 71,880 shares, worth approximately $0.93 million.
As published in a research note from Morgan Stanley on July 21, 2022, Compass Inc. [COMP] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $5 from $7. This represents a 54.2% premium over Thursday’s closing price. Analysts at Compass Point started covering the stock with ‘”a Buy”‘ outlook in a report released in late June. As of June 15, 2022, Oppenheimer has reiterated its “an Outperform” rating for COMP. Earlier on January 11, 2022, Berenberg initiated its rating. Their recommendation was “a Buy” for COMP stock.
Analyzing COMP’s Price Performance
On Thursday, Compass Inc. [NYSE: COMP] plunged -6.15% to $2.29. The stock’s lowest price that day was $2.26, but it reached a high of $2.435 in the same session. During the last five days, there has been a drop of approximately -27.53%. Over the course of the year, Compass Inc. shares have dropped approximately -74.81%. Shares of the company reached a 52-week high of $9.71 on 01/03/22 and a 52-week low of $2.26 on 09/22/22. A 50-day SMA is recorded $3.57, while a 200-day SMA reached $6.07. Nevertheless, trading volume fell to 4.49 million shares from 5.24 million shares the previous day.
Support And Resistance Levels for Compass Inc. (COMP)
According to the 24-hour chart, there is a support level at 2.22, which, if violated, would cause prices to drop to 2.15. In the upper region, resistance lies at 2.40. The next price resistance is at 2.50. RSI (Relative Strength Index) is 28.91 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.45, which suggests the price will decrease in the coming days. Percent R is at 97.32%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Compass Inc. subject to short interest?
Stocks of Compass Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 2.3 million shares to 17.88 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 15.58 million shares. A jump of 12.86% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.32 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.32.
Which companies own the most shares of Compass Inc. (COMP)?
According to Nokota Management LP filings, the company currently owns 10,000 shares, which is about 0.00% of the total COMP shares outstanding. With the completion of the sale transaction, Parallel Advisors LLC’s stake is now worth $0. Values First Advisors, Inc. reduced a -100.00% interest valued at $0.0 while Klingman & Associates LLC purchased a 1,676 stake. A total of 0 shares of Compass Inc. were bought by MV Capital Management, Inc. during the quarter, and 0 by SRS Capital Advisors, Inc.. In its current portfolio, Glassman Wealth Services LLC holds 191 shares valued at $0.0.