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CompoSecure Inc [CMPO] 10% Owner makes an insider purchase of 4,752,150 shares worth 30.89 million.

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. CompoSecure Inc shares valued at $30,888,975 were sold by LLR EQUITY PARTNERS IV, L.P. on May 13 ’24. At $6.50 per share, LLR EQUITY PARTNERS IV, L.P. sold 4,752,150 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

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Also, Logan Michele sold 2,968,065 shares, netting a total of over 19,292,422 in proceeds. Following the sale of shares at $6.50 each, the insider now holds 20,829 shares.

Before that, Bleichroeder LP had added 800,000 shares to its account. In a trade valued at $5,200,000, the 10% Owner bought CompoSecure Inc shares for $6.50 each. Upon closing the transaction, the insider’s holdings increased to 800,000 shares, worth approximately $26.58 million.

As published in their initiating research note from Lake Street on June 27, 2024, CompoSecure Inc [CMPO] has been a Buy and the price target has been revised to $12. Analysts at The Benchmark Company started covering the stock with ‘”a Buy”‘ outlook in a report released in mid February. As of December 18, 2023, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for CMPO. Earlier on June 13, 2023, Berenberg initiated its rating. Their recommendation was “a Buy” for CMPO stock.

Analyzing CMPO Stock Performance

During the last five days, there has been a surge of approximately 10.06%. Over the course of the year, CompoSecure Inc shares have jumped approximately 35.77%. Shares of the company reached a 52-week high of $8.16 on 05/07/24 and a 52-week low of $4.61 on 03/05/24. A 50-day SMA is recorded $6.63, while a 200-day SMA reached $5.95. Nevertheless, trading volume fell to 71289.0 shares from 0.29 million shares the previous day.

Support And Resistance Levels for CompoSecure Inc (CMPO)

According to the 24-hour chart, there is a support level at 6.94, which, if violated, would cause prices to drop to 6.87. In the upper region, resistance lies at 7.08. The next price resistance is at 7.15. RSI (Relative Strength Index) is 66.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.44, which suggests the price will decrease in the coming days. Percent R is at 11.22%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.

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