Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Compass Pathways Plc ADR shares valued at $165,456 were sold by Goldsmith George Jay on May 03 ’24. At $8.82 per share, Goldsmith George Jay sold 18,762 shares. The insider’s holdings dropped to 3,947,290 shares worth approximately $33.55 million following the completion of this transaction.
Also, Malievskaia Ekaterina sold 18,762 shares, netting a total of over 165,456 in proceeds. Following the sale of shares at $8.82 each, the insider now holds 3,947,290 shares.
Before that, Goldsmith George Jay had sold 18,761 shares from its account. In a trade valued at $165,448, the 10% Owner traded Compass Pathways Plc ADR shares for $8.82 each. Upon closing the transaction, the insider’s holdings decreased to 18,761 shares, worth approximately $33.53 million.
As published in their initiating research note from Morgan Stanley on April 01, 2024, Compass Pathways Plc ADR [CMPS] has been an Overweight and the price target has been revised to $30. Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in mid December. Earlier on November 01, 2022, Loop Capital initiated its rating. Their recommendation was “a Buy” for CMPS stock.
Analyzing CMPS Stock Performance
During the last five days, there has been a surge of approximately 0.24%. Over the course of the year, Compass Pathways Plc ADR shares have dropped approximately -2.86%. Shares of the company reached a 52-week high of $12.75 on 02/28/24 and a 52-week low of $7.64 on 04/25/24. A 50-day SMA is recorded $9.40, while a 200-day SMA reached $8.43. Nevertheless, trading volume fell to 0.81 million shares from 0.19 million shares the previous day.
Support And Resistance Levels for Compass Pathways Plc ADR (CMPS)
According to the 24-hour chart, there is a support level at 7.92, which, if violated, would cause prices to drop to 7.35. In the upper region, resistance lies at 9.35. The next price resistance is at 10.21. RSI (Relative Strength Index) is 46.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.23, which suggests the price will decrease in the coming days. Percent R is at 56.78%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
