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Selling Buzz: Compass Inc [COMP] 10% Owner SVF Excalibur (Cayman) Ltd sells 10,000,000 shares of the company


Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Compass Inc shares valued at $36,600,000 were sold by SVF Excalibur (Cayman) Ltd on Jan 09 ’24. At $3.66 per share, SVF Excalibur (Cayman) Ltd sold 10,000,000 shares. The insider’s holdings dropped to 92,470,273 shares worth approximately $289.43 million following the completion of this transaction.

Also, SVF Excalibur (Cayman) Ltd sold 14,895,000 shares, netting a total of over 39,620,700 in proceeds. Following the sale of shares at $2.66 each, the insider now holds 102,470,273 shares.

Before that, Hart Gregory M. had sold 24,604 shares from its account. In a trade valued at $58,843, the Chief Operating Officer traded Compass Inc shares for $2.39 each. Upon closing the transaction, the insider’s holdings decreased to 24,604 shares, worth approximately $2.73 million.

As published in a research note from Gordon Haskett on February 21, 2024, Compass Inc [COMP] has been rated down from a Hold to an Underperform and the price target has been revised to $2.25 from $2.75. Analysts at Deutsche Bank started covering the stock with ‘”a Hold”‘ outlook in a report released in late November. Earlier on July 24, 2023, Needham resumed its rating. Their recommendation was “a Buy” for COMP stock.

Analyzing COMP Stock Performance

During the last five days, there has been a drop of approximately -6.01%. Over the course of the year, Compass Inc shares have dropped approximately -16.76%. Shares of the company reached a 52-week high of $4.02 on 02/29/24 and a 52-week low of $2.89 on 03/15/24. A 50-day SMA is recorded $3.48, while a 200-day SMA reached $3.19. Nevertheless, trading volume fell to 3.09 million shares from 2.19 million shares the previous day.

Support And Resistance Levels for Compass Inc (COMP)

According to the 24-hour chart, there is a support level at 3.02, which, if violated, would cause prices to drop to 2.91. In the upper region, resistance lies at 3.27. The next price resistance is at 3.40. RSI (Relative Strength Index) is 39.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.12, which suggests the price will decrease in the coming days. Percent R is at 87.22%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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