Compass Inc’s filing revealed that its 10% Owner SVF Excalibur (Cayman) Ltd unloaded Company’s shares for reported $72.67 million on May 16 ’24. In the deal valued at $4.30 per share,16,900,000 shares were sold. As a result of this transaction, SVF Excalibur (Cayman) Ltd now holds 75,570,273 shares worth roughly $272.05 million.
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Then, SVF Excalibur (Cayman) Ltd sold 10,000,000 shares, generating $36,600,000 in total proceeds. Upon selling the shares at $3.66, the 10% Owner now owns 92,470,273 shares.
Before that, SVF Excalibur (Cayman) Ltd sold 14,895,000 shares. Compass Inc shares valued at $39,620,700 were divested by the 10% Owner at a price of $2.66 per share. As a result of the transaction, SVF Excalibur (Cayman) Ltd now holds 102,470,273 shares, worth roughly $368.89 million.
Gordon Haskett downgraded its Compass Inc [COMP] rating to an Underperform from a a Hold in a research note published on February 21, 2024; the price target was decreased to $2.25 from $2.75. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in late November with a ‘”a Hold”‘ rating. Needham maintained its rating on July 24, 2023. It rated COMP as “a Buy”.
Price Performance Review of COMP
On Friday, Compass Inc [NYSE:COMP] saw its stock fall -3.49% to $3.60. Over the last five days, the stock has lost -4.00%. Compass Inc shares have fallen nearly -4.26% since the year began. Nevertheless, the stocks have fallen -7.46% over the past one year. While a 52-week high of $4.68 was reached on 05/15/24, a 52-week low of $1.82 was recorded on 03/15/24. SMA at 50 days reached $3.68, while 200 days put it at $3.20. A total of 2.11 million shares were traded, compared to the trading of 2.17 million shares in the previous session.
Levels Of Support And Resistance For COMP Stock
The 24-hour chart illustrates a support level at 3.55, which if violated will result in even more drops to 3.50. On the upside, there is a resistance level at 3.67. A further resistance level may holdings at 3.74. The Relative Strength Index (RSI) on the 14-day chart is 42.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.91%. Stochastics %K at 10.69% indicates the stock is a buying.
