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Investing in Compass Diversified Holdings (CODI) Is Getting More Attractive

Compass Diversified Holdings’s recently made public that its See Remark (a) Faulkingham Ryan J acquired Company’s shares for reported $85793.0 on Aug 06 ’24. In the deal valued at $20.19 per share,4,250 shares were bought. As a result of this transaction, Faulkingham Ryan J now holds 40,200 shares worth roughly $0.89 million.

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Then, Faulkingham Ryan J bought 2,000 shares, generating $40,342 in total proceeds. Upon buying the shares at $20.17, the See Remark (a) now owns 35,950 shares.

Before that, CGI Magyar Holdings LLC sold 200,000 shares. Compass Diversified Holdings shares valued at $4,697,160 were divested by the 10% Owner at a price of $23.49 per share. As a result of the transaction, CGI Magyar Holdings LLC now holds 7,591,471 shares, worth roughly $168.15 million.

A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in early April with a ‘”a Buy”‘ rating. Oppenheimer began covering CODI with “Perform” recommendation on September 14, 2021.

Price Performance Review of CODI

On Friday, Compass Diversified Holdings [NYSE:CODI] saw its stock jump 1.23% to $22.15. Over the last five days, the stock has gained 0.14%. Compass Diversified Holdings shares have fallen nearly -1.34% since the year began. Nevertheless, the stocks have risen 5.98% over the past one year. While a 52-week high of $25.07 was reached on 03/08/24, a 52-week low of $16.88 was recorded on 08/06/24. SMA at 50 days reached $22.00, while 200 days put it at $22.24.

Levels Of Support And Resistance For CODI Stock

The 24-hour chart illustrates a support level at 21.88, which if violated will result in even more drops to 21.60. On the upside, there is a resistance level at 22.29. A further resistance level may holdings at 22.42. The Relative Strength Index (RSI) on the 14-day chart is 55.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 0.97%. Stochastics %K at 88.03% indicates the stock is a selling.

How much short interest is there in Compass Diversified Holdings?

A steep rise in short interest was recorded in Compass Diversified Holdings stocks on 2024-08-15, dropping by 1191.0 shares to a total of 0.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.93 million shares. There was a decline of -0.13%, which implies that there is a negative sentiment for the stock.

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