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Compass Inc [COMP] Shares Rise 0.14 % on Wednesday

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Compass Inc shares valued at $72,670,000 were sold by SVF Excalibur (Cayman) Ltd on May 16 ’24. At $4.30 per share, SVF Excalibur (Cayman) Ltd sold 16,900,000 shares. The insider’s holdings dropped to 75,570,273 shares worth approximately $267.52 million following the completion of this transaction.

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Also, SVF Excalibur (Cayman) Ltd sold 10,000,000 shares, netting a total of over 36,600,000 in proceeds. Following the sale of shares at $3.66 each, the insider now holds 92,470,273 shares.

Before that, SVF Excalibur (Cayman) Ltd had sold 14,895,000 shares from its account. In a trade valued at $39,620,700, the 10% Owner traded Compass Inc shares for $2.66 each. Upon closing the transaction, the insider’s holdings decreased to 14,895,000 shares, worth approximately $362.74 million.

As published in a research note from Gordon Haskett on June 25, 2024, Compass Inc [COMP] has been rated up from an Underperform to a Hold and the price target has been revised to $3.75 from $3. Analysts at Gordon Haskett downgraded the stock from ‘”a Hold”‘ to ‘”an Underperform”‘ outlook in a report released in late February. As of November 21, 2023, Deutsche Bank has initiated its “Hold” rating for COMP.

Analyzing COMP Stock Performance

During the last five days, there has been a drop of approximately -1.53%. Over the course of the year, Compass Inc shares have dropped approximately -5.98%. Shares of the company reached a 52-week high of $4.68 on 05/15/24 and a 52-week low of $2.89 on 03/15/24. A 50-day SMA is recorded $3.69, while a 200-day SMA reached $3.21. Nevertheless, trading volume fell to 2.12 million shares from 3.2 million shares the previous day.

Support And Resistance Levels for Compass Inc (COMP)

According to the 24-hour chart, there is a support level at 3.47, which, if violated, would cause prices to drop to 3.43. In the upper region, resistance lies at 3.59. The next price resistance is at 3.67. RSI (Relative Strength Index) is 46.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.09, which suggests the price will decrease in the coming days. Percent R is at 73.44%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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