Compass Minerals International Inc’s recently made public that its Director Reece Joseph E acquired Company’s shares for reported $0.11 million on Jan 22 ’24. In the deal valued at $21.24 per share,5,000 shares were bought. As a result of this transaction, Reece Joseph E now holds 16,000 shares worth roughly $0.22 million.
Then, Standen James D. bought 3,503 shares, generating $94,056 in total proceeds. Upon buying the shares at $26.85, the Chief Commercial Officer now owns 30,000 shares.
Loop Capital downgraded its Compass Minerals International Inc [CMP] rating to a Hold from a a Buy in a research note published on March 04, 2024; the price target was decreased to $26 from $29. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid November from “an Underweight” to “a Neutral”. BTIG Research began covering CMP with “Neutral” recommendation on July 19, 2023. Loop Capital started covering the stock on July 17, 2023. It rated CMP as “a Buy”.
Price Performance Review of CMP
On Monday, Compass Minerals International Inc [NYSE:CMP] saw its stock fall -2.10% to $13.96. Over the last five days, the stock has lost -10.28%. Compass Minerals International Inc shares have fallen nearly -44.87% since the year began. Nevertheless, the stocks have fallen -56.40% over the past one year. While a 52-week high of $39.78 was reached on 01/02/24, a 52-week low of $13.60 was recorded on 04/08/24. SMA at 50 days reached $20.04, while 200 days put it at $26.19. A total of 0.94 million shares were traded, compared to the trading of 49218.0 shares in the previous session.
Levels Of Support And Resistance For CMP Stock
The 24-hour chart illustrates a support level at 13.45, which if violated will result in even more drops to 12.95. On the upside, there is a resistance level at 14.55. A further resistance level may holdings at 15.15. The Relative Strength Index (RSI) on the 14-day chart is 29.02, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.90%. Stochastics %K at 10.77% indicates the stock is a buying.
How much short interest is there in Compass Minerals International Inc?
A steep rise in short interest was recorded in Compass Minerals International Inc stocks on Mar 15, 2024, dropping by -0.35 million shares to a total of 2.71 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.06 million shares. There was a decline of -12.92%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 11.49% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.27.
