Compass Inc’s recent filing unveils 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 upgraded its Compass Inc [COMP] rating to a Hold from a an Underperform in a research note published on June 25, 2024; the price target was increased to $3.75 from $3. A number of analysts have revised their coverage, including Gordon Haskett’s analysts, who decreased its forecast for the stock in late February from “a Hold” to “an Underperform”. Deutsche Bank began covering COMP with “Hold” recommendation on November 21, 2023.
Price Performance Review of COMP
On Friday, Compass Inc [NYSE:COMP] saw its stock fall -2.44% to $3.60. Over the last five days, the stock has gained 1.41%. Compass Inc shares have fallen nearly -4.26% since the year began. Nevertheless, the stocks have risen 2.56% 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 $3.21. A total of 17.01 million shares were traded, compared to the trading of 3.47 million shares in the previous session.
Levels Of Support And Resistance For COMP Stock
The 24-hour chart illustrates a support level at 3.52, which if violated will result in even more drops to 3.44. On the upside, there is a resistance level at 3.72. A further resistance level may holdings at 3.83. The Relative Strength Index (RSI) on the 14-day chart is 47.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.33%. Stochastics%K at 34.22% indicates the stock is a holding.
The most recent change occurred on July 24, 2023 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $5.50.
