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Compass Minerals International Inc [CMP] Shares Fall Approximately -62.27% Over the Year

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 Minerals International Inc shares valued at $106,200 were purchased by Reece Joseph E on Jan 22 ’24. At $21.24 per share, Reece Joseph E acquired 5,000 shares. The insider’s holdings grew to 16,000 shares worth approximately $0.2 million following the completion of this transaction.

Also, Standen James D. purchased 3,503 shares, netting a total of over 94,056 in proceeds. Following the buying of shares at $26.85 each, the insider now holds 30,000 shares.

As published in a research note from Loop Capital on April 26, 2024, Compass Minerals International Inc [CMP] has been rated up from a Hold to a Buy and the price target has been revised to $23 from $26. Analysts at Loop Capital downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early March. As of November 20, 2023, JP Morgan has increased its “an Underweight” rating to a “Neutral” for CMP. Earlier on July 19, 2023, BTIG Research initiated its rating. Their recommendation was “a Neutral” for CMP stock.

Analyzing CMP Stock Performance

During the last five days, there has been a drop of approximately -6.91%. Over the course of the year, Compass Minerals International Inc shares have dropped approximately -50.51%. Shares of the company reached a 52-week high of $25.52 on 01/02/24 and a 52-week low of $11.85 on 04/25/24. A 50-day SMA is recorded $15.13, while a 200-day SMA reached $23.28. Nevertheless, trading volume fell to 0.55 million shares from 0.57 million shares the previous day.

Support And Resistance Levels for Compass Minerals International Inc (CMP)

According to the 24-hour chart, there is a support level at 12.26, which, if violated, would cause prices to drop to 11.99. In the upper region, resistance lies at 12.86. The next price resistance is at 13.19. RSI (Relative Strength Index) is 38.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.25, which suggests the price will decrease in the coming days. Percent R is at 72.13%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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