Compass Diversified’s filing revealed that its SABO ELIAS acquired Company’s shares for reported $0.11 million on Aug 07. In the deal valued at $22.18 per share,5,000 shares were bought. As a result of this transaction, SABO ELIAS now holds 331,826 shares worth roughly $ 6.99 million.
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Then, SABO ELIAS bought 45,000 shares, generating $1,006,952 in total proceeds. Upon buying the shares at $22.38, the now owns 326,826 shares.
Before that, SABO ELIAS bought 2,000 shares. Compass Diversified shares valued at $39,812 were divested by the at a price of $19.91 per share. As a result of the transaction, SABO ELIAS now holds 281,826 shares, worth roughly $5.94 million.
PT values the company’s stock at a premium of 18.92 to its Friday closing price.
Price Performance Review of CODI
On Friday, Compass Diversified [NYSE:CODI] saw its stock jump 2.08% to $21.08. On the same session, the stock had its day’s lowest price of $20.9201, but rose to a high of $21.36. Over the last five days, the stock has gained 1.64%. Compass Diversified shares have risen nearly 15.63% since the year began. Nevertheless, the stocks have risen 1.05% over the past one year. While a 52-week high of $22.91 was reached on 07/18/23, a 52-week low of $16.32 was recorded on 03/13/23. SMA at 50 days reached $21.66, while 200 days put it at $20.21. A total of 0.16 million shares were traded, compared to the trading of 0.23 million shares in the previous session.
Levels Of Support And Resistance For CODI Stock
The 24-hour chart illustrates a support level at 20.88, which if violated will result in even more drops to 20.68. On the upside, there is a resistance level at 21.32. A further resistance level may holdings at 21.56. The Relative Strength Index (RSI) on the 14-day chart is 46.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.77%. Stochastics %K at 27.49% indicates the stock is a holding.
How much short interest is there in Compass Diversified?
A steep rise in short interest was recorded in Compass Diversified stocks on Aug 14, 2023, dropping by -0.1 million shares to a total of 0.92 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.02 million shares. There was a decline of -11.34%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.47% of the overall stock float, the days-to-cover ratio (short ratio) fell to 8.46.
According to FactSet, Compass Diversified’s share price will average $27.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 33.17 percent from its previous closing price of $20.65. Analysts expect Compass Diversified stock to reach the higher price of $30.00, while the lowest price estimate is $21.00. However, 8 analysts have rated CODI stock as an Overweight in their predictions for 2023.