In a filing, CompoSecure Inc revealed its 10% Owner Bleichroeder LP acquired Company’s shares for reported $39488.0 on Nov 30 ’23. In the deal valued at $4.88 per share,8,100 shares were bought. As a result of this transaction, Bleichroeder LP now holds 2,997,550 shares worth roughly $19.63 million.
Then, Fitzsimmons Timothy Walter sold 100,000 shares, generating $743,916 in total proceeds. Upon selling the shares at $7.44, the Chief Financial Officer now owns 413,906 shares.
The Benchmark Company initiated its CompoSecure Inc [CMPO] rating to a Buy in a research note published on February 13, 2024; the price target was $7. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid December from “an Overweight” to “a Neutral”. Berenberg began covering CMPO with “Buy” recommendation on June 13, 2023. Compass Point started covering the stock on March 03, 2023. It rated CMPO as “a Buy”.
Price Performance Review of CMPO
On Tuesday, CompoSecure Inc [NASDAQ:CMPO] saw its stock fall -1.80% to $6.55. Over the last five days, the stock has lost -2.53%. CompoSecure Inc shares have risen nearly 21.30% since the year began. Nevertheless, the stocks have fallen -15.48% over the past one year. While a 52-week high of $7.90 was reached on 04/02/24, a 52-week low of $4.61 was recorded on 03/05/24. SMA at 50 days reached $5.83, while 200 days put it at $5.99. A total of 0.23 million shares were traded, compared to the trading of 99800.0 shares in the previous session.
Levels Of Support And Resistance For CMPO Stock
The 24-hour chart illustrates a support level at 6.40, which if violated will result in even more drops to 6.25. On the upside, there is a resistance level at 6.68. A further resistance level may holdings at 6.81. The Relative Strength Index (RSI) on the 14-day chart is 52.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.68%. Stochastics %K at 12.03% indicates the stock is a buying.
The most recent change occurred on December 14, 2022 when BTIG Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $9 price target.
