Compass Inc’s recently made public that its 10% Owner SVF Excalibur (Cayman) Ltd unloaded Company’s shares for reported $36.6 million on Jan 09 ’24. In the deal valued at $3.66 per share,10,000,000 shares were sold. As a result of this transaction, SVF Excalibur (Cayman) Ltd now holds 92,470,273 shares worth roughly $299.6 million.
Then, SVF Excalibur (Cayman) Ltd sold 14,895,000 shares, generating $39,620,700 in total proceeds. Upon selling the shares at $2.66, the 10% Owner now owns 102,470,273 shares.
Before that, Hart Gregory M. sold 24,604 shares. Compass Inc shares valued at $58,843 were divested by the Chief Operating Officer at a price of $2.39 per share. As a result of the transaction, Hart Gregory M. now holds 872,199 shares, worth roughly $2.83 million.
Gordon Haskett downgraded its Compass Inc [COMP] rating to an Underperform from a a Hold in a research note published on February 21, 2024; the price target was decreased to $2.25 from $2.75. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in late November with a ‘”a Hold”‘ rating. Needham maintained its rating on July 24, 2023. It rated COMP as “a Buy”.
Price Performance Review of COMP
On Friday, Compass Inc [NYSE:COMP] saw its stock fall -0.61% to $3.24. Over the last five days, the stock has lost -10.25%. Compass Inc shares have fallen nearly -13.83% since the year began. Nevertheless, the stocks have risen 3.18% over the past one year. While a 52-week high of $4.49 was reached on 02/29/24, a 52-week low of $1.82 was recorded on 03/15/24. SMA at 50 days reached $3.56, while 200 days put it at $3.20. A total of 2.36 million shares were traded, compared to the trading of 4.26 million shares in the previous session.
Levels Of Support And Resistance For COMP Stock
The 24-hour chart illustrates a support level at 3.18, which if violated will result in even more drops to 3.11. On the upside, there is a resistance level at 3.33. A further resistance level may holdings at 3.41. The Relative Strength Index (RSI) on the 14-day chart is 41.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.50%. Stochastics %K at 12.50% indicates the stock is a buying.
