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CODI Stock Sees Decline of Approximately -2.80% in Last Five Days

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Compass Diversified Holdings shares valued at $99,725 were purchased by Faulkingham Ryan J on Apr 02 ’24. At $23.46 per share, Faulkingham Ryan J acquired 4,250 shares. The insider’s holdings grew to 28,950 shares worth approximately $0.65 million following the completion of this transaction.

Also, CGI Magyar Holdings LLC sold 7,510 shares, netting a total of over 187,149 in proceeds. Following the sale of shares at $24.92 each, the insider now holds 7,991,471 shares.

Before that, MACIARIELLO PATRICK A had added 12,500 shares to its account. In a trade valued at $278,032, the insider bought Compass Diversified Holdings shares for $22.24 each. Upon closing the transaction, the insider’s holdings increased to 12,500 shares, worth approximately $5.04 million.

Analysts at B. Riley Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in early April. As of September 14, 2021, Oppenheimer has initiated its “Perform” rating for CODI.

Analyzing CODI Stock Performance

During the last five days, there has been a drop of approximately -2.80%. Over the course of the year, Compass Diversified Holdings shares have jumped approximately 0.53%. Shares of the company reached a 52-week high of $25.07 on 03/08/24 and a 52-week low of $20.87 on 01/17/24. A 50-day SMA is recorded $23.30, while a 200-day SMA reached $21.31. Nevertheless, trading volume fell to 0.37 million shares from 0.15 million shares the previous day.

Support And Resistance Levels for Compass Diversified Holdings (CODI)

According to the 24-hour chart, there is a support level at 22.29, which, if violated, would cause prices to drop to 22.00. In the upper region, resistance lies at 22.73. The next price resistance is at 22.88. RSI (Relative Strength Index) is 45.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.32, which suggests the price will decrease in the coming days. Percent R is at 67.57%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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