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Compass Pathways Plc ADR (CMPS) gets rating Initiated from RBC Capital Mkts

Compass Pathways Plc ADR’s recent filing unveils that its 10% Owner Malievskaia Ekaterina unloaded Company’s shares for reported $70379.0 on May 21 ’24. In the deal valued at $7.91 per share,8,900 shares were sold. As a result of this transaction, Malievskaia Ekaterina now holds 3,931,687 shares worth roughly $27.25 million.

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Then, Malievskaia Ekaterina sold 8,900 shares, generating $70,379 in total proceeds. Upon selling the shares at $7.91, the 10% Owner now owns 3,929,413 shares.

Before that, Malievskaia Ekaterina sold 6,704 shares. Compass Pathways Plc ADR shares valued at $52,908 were divested by the 10% Owner at a price of $7.89 per share. As a result of the transaction, Malievskaia Ekaterina now holds 3,938,313 shares, worth roughly $27.29 million.

RBC Capital Mkts initiated its Compass Pathways Plc ADR [CMPS] rating to an Outperform in a research note published on July 23, 2024; the price target was $23. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early April with a ‘”an Overweight”‘ rating. Deutsche Bank began covering CMPS with “Buy” recommendation on December 12, 2023.

Price Performance Review of CMPS

On Tuesday, Compass Pathways Plc ADR [NASDAQ:CMPS] saw its stock fall -1.70% to $6.93. Over the last five days, the stock has lost -1.14%. Compass Pathways Plc ADR shares have fallen nearly -20.80% since the year began. Nevertheless, the stocks have fallen -15.90% over the past one year. While a 52-week high of $12.75 was reached on 02/28/24, a 52-week low of $5.01 was recorded on 06/27/24. SMA at 50 days reached $6.83, while 200 days put it at $8.15.

Levels Of Support And Resistance For CMPS Stock

The 24-hour chart illustrates a support level at 6.84, which if violated will result in even more drops to 6.74. On the upside, there is a resistance level at 7.05. A further resistance level may holdings at 7.16. The Relative Strength Index (RSI) on the 14-day chart is 47.54, 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 53.97%. Stochastics%K at 46.11% indicates the stock is a holding.

How much short interest is there in Compass Pathways Plc ADR?

A steep rise in short interest was recorded in Compass Pathways Plc ADR stocks on 2024-07-31, dropping by -0.44 million shares to a total of 3.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 4.28 million shares. There was a decline of -11.37%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on November 01, 2022 when Loop Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $34 price target.

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