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A company insider recently sold 7,500,000 shares of Compass Inc [COMP]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Compass Inc shares valued at $46,800,000 were sold by SVF Excalibur (Cayman) Ltd on Sep 13 ’24. At $6.24 per share, SVF Excalibur (Cayman) Ltd sold 7,500,000 shares. The insider’s holdings dropped to 68,070,273 shares worth approximately $424.76 million following the completion of this transaction.

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Also, Thomas-Graham Pamela sold 8,111 shares, netting a total of over 48,919 in proceeds. Following the sale of shares at $6.03 each, the insider now holds 102,801 shares.

Before that, Thomas-Graham Pamela had sold 700 shares from its account. In a trade valued at $4,212, the Director traded Compass Inc shares for $6.02 each. Upon closing the transaction, the insider’s holdings decreased to 700 shares, worth approximately $0.69 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 surge of approximately 1.63%. Over the course of the year, Compass Inc shares have jumped approximately 65.96%. Shares of the company reached a 52-week high of $6.78 on 09/18/24 and a 52-week low of $2.89 on 03/15/24. A 50-day SMA is recorded $5.25, while a 200-day SMA reached $4.04. Nevertheless, trading volume fell to 4.16 million shares from 3.82 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 6.10, which, if violated, would cause prices to drop to 5.96. In the upper region, resistance lies at 6.38. The next price resistance is at 6.53. RSI (Relative Strength Index) is 59.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.10, which suggests the price will decrease in the coming days. Percent R is at 69.23%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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