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10% Owner, LLR EQUITY PARTNERS IV, L.P. sold 4,752,150 shares of CompoSecure Inc [CMPO]

CompoSecure Inc’s filing revealed that its 10% Owner LLR EQUITY PARTNERS IV, L.P. unloaded Company’s shares for reported $30.89 million on May 13 ’24. In the deal valued at $6.50 per share,4,752,150 shares were sold. As a result of this transaction, LLR EQUITY PARTNERS IV, L.P. now holds 0 shares worth roughly $0.0.

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Then, Logan Michele sold 2,968,065 shares, generating $19,292,422 in total proceeds. Upon selling the shares at $6.50, the Director now owns 20,829 shares.

Before that, Bleichroeder LP bought 800,000 shares. CompoSecure Inc shares valued at $5,200,000 were divested by the 10% Owner at a price of $6.50 per share. As a result of the transaction, Bleichroeder LP now holds 3,797,550 shares, worth roughly $24.87 million.

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 Monday, CompoSecure Inc [NASDAQ:CMPO] saw its stock fall -2.09% to $6.55. Over the last five days, the stock has lost -9.66%. CompoSecure Inc shares have risen nearly 21.30% since the year began. Nevertheless, the stocks have fallen -9.03% over the past one year. While a 52-week high of $8.16 was reached on 05/07/24, a 52-week low of $4.61 was recorded on 03/05/24. SMA at 50 days reached $6.57, while 200 days put it at $5.97. A total of 0.6 million shares were traded, compared to the trading of 0.4 million shares in the previous session.

Levels Of Support And Resistance For CMPO Stock

The 24-hour chart illustrates a support level at 6.46, which if violated will result in even more drops to 6.36. On the upside, there is a resistance level at 6.70. A further resistance level may holdings at 6.84. The Relative Strength Index (RSI) on the 14-day chart is 43.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.53%. Stochastics %K at 14.37% 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.

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