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A company insider recently sold 496,302 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 $3,065,757 were sold by Reffkin Robert L. on Nov 18 ’24. At $6.18 per share, Reffkin Robert L. sold 496,302 shares. The insider’s holdings dropped to 653,444 shares worth approximately $4.21 million following the completion of this transaction.

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Also, Reffkin Robert L. sold 245,856 shares, netting a total of over 1,700,389 in proceeds. Following the sale of shares at $6.92 each, the insider now holds 1,149,746 shares.

Before that, Reffkin Robert L. had sold 199,983 shares from its account. In a trade valued at $1,382,223, the Chairman and CEO traded Compass Inc shares for $6.91 each. Upon closing the transaction, the insider’s holdings decreased to 199,983 shares, worth approximately $10.16 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 drop of approximately -3.88%. Over the course of the year, Compass Inc shares have jumped approximately 71.28%. Shares of the company reached a 52-week high of $7.01 on 11/06/24 and a 52-week low of $2.89 on 03/15/24. A 50-day SMA is recorded $6.15, while a 200-day SMA reached $4.50. Nevertheless, trading volume fell to 3.36 million shares from 3.46 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 6.24, which, if violated, would cause prices to drop to 6.05. In the upper region, resistance lies at 6.54. The next price resistance is at 6.65. RSI (Relative Strength Index) is 53.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.26, which suggests the price will decrease in the coming days. Percent R is at 60.64%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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