Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. CompoSecure Inc shares valued at $75,635,772 were sold by Logan Michele on Sep 17 ’24. At $7.55 per share, Logan Michele sold 10,017,983 shares. The insider’s holdings dropped to 2,043,320 shares worth approximately $27.56 million following the completion of this transaction.
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Also, Logan Michele sold 6,578,231 shares, netting a total of over 49,665,644 in proceeds. Following the sale of shares at $7.55 each, the insider now holds 0 shares.
Before that, Wilk Jonathan had sold 618,014 shares from its account. In a trade valued at $4,666,006, the President and CEO traded CompoSecure Inc shares for $7.55 each. Upon closing the transaction, the insider’s holdings decreased to 618,014 shares, worth approximately $8.34 million.
As published in their initiating research note from BofA Securities on July 10, 2024, CompoSecure Inc [CMPO] has been a Buy and the price target has been revised to $9. Analysts at Lake Street started covering the stock with ‘”a Buy”‘ outlook in a report released in late June. As of February 13, 2024, The Benchmark Company has initiated its “Buy” rating for CMPO. Earlier on December 18, 2023, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for CMPO stock which previously was a “an Overweight”.
Analyzing CMPO Stock Performance
During the last five days, there has been a surge of approximately 13.17%. Over the course of the year, CompoSecure Inc shares have jumped approximately 161.65%. Shares of the company reached a 52-week high of $13.82 on 09/18/24 and a 52-week low of $4.61 on 03/05/24. A 50-day SMA is recorded $10.02, while a 200-day SMA reached $6.99. Nevertheless, trading volume fell to 3.45 million shares from 0.66 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 12.67, which, if violated, would cause prices to drop to 11.85. In the upper region, resistance lies at 14.06. The next price resistance is at 14.64. RSI (Relative Strength Index) is 84.52 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.70, which suggests the price will decrease in the coming days. Percent R is at 12.84%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
