CompoSecure Inc’s filing revealed that its Director Logan Michele unloaded Company’s shares for reported $75.64 million on Sep 17 ’24. In the deal valued at $7.55 per share,10,017,983 shares were sold. As a result of this transaction, Logan Michele now holds 2,043,320 shares worth roughly $31.81 million.
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Then, Logan Michele sold 6,578,231 shares, generating $49,665,644 in total proceeds. Upon selling the shares at $7.55, the Director now owns 0 shares.
Before that, Wilk Jonathan sold 618,014 shares. CompoSecure Inc shares valued at $4,666,006 were divested by the President and CEO at a price of $7.55 per share. As a result of the transaction, Wilk Jonathan now holds 618,013 shares, worth roughly $9.62 million.
BofA Securities initiated its CompoSecure Inc [CMPO] rating to a Buy in a research note published on July 10, 2024; the price target was $9. A number of analysts have revised their coverage, including Lake Street’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. The Benchmark Company began covering CMPO with “Buy” recommendation on February 13, 2024. JP Morgan revised its rating on December 18, 2023. It rated CMPO as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of CMPO
On Monday, CompoSecure Inc [NASDAQ:CMPO] saw its stock jump 2.43% to $15.57. Over the last five days, the stock has gained 1.04%. CompoSecure Inc shares have risen nearly 202.00% since the year began. Nevertheless, the stocks have risen 180.69% over the past one year. While a 52-week high of $15.76 was reached on 10/22/24, a 52-week low of $4.40 was recorded on 03/05/24. SMA at 50 days reached $13.25, while 200 days put it at $8.27.
Levels Of Support And Resistance For CMPO Stock
The 24-hour chart illustrates a support level at 15.31, which if violated will result in even more drops to 15.05. On the upside, there is a resistance level at 15.77. A further resistance level may holdings at 15.98. The Relative Strength Index (RSI) on the 14-day chart is 71.00, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.12%. Stochastics %K at 82.76% indicates the stock is a selling.
How much short interest is there in CompoSecure Inc?
A steep rise in short interest was recorded in CompoSecure Inc stocks on 2024-10-15, growing by 2.35 million shares to a total of 13.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 10.8 million shares. There was a rise of 17.85%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 13, 2023 when Berenberg began covering the stock and recommended ‘”a Buy”‘ rating along with a $13 price target.
