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Compass Pathways Plc ADR (CMPS) Becoming More Attractive for Investors

In a filing, Compass Pathways Plc ADR revealed its 10% Owner ATAI Life Sciences N.V. unloaded Company’s shares for reported $16.09 million on Sep 26 ’24. In the deal valued at $6.05 per share,2,660,000 shares were sold. As a result of this transaction, ATAI Life Sciences N.V. now holds 6,905,774 shares worth roughly $29.0 million.

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Then, Malievskaia Ekaterina sold 8,900 shares, generating $70,379 in total proceeds. Upon selling the shares at $7.91, the 10% Owner now owns 3,931,687 shares.

Before that, Malievskaia Ekaterina sold 8,900 shares. Compass Pathways Plc ADR shares valued at $70,379 were divested by the 10% Owner at a price of $7.91 per share. As a result of the transaction, Malievskaia Ekaterina now holds 3,929,413 shares, worth roughly $16.5 million.

RBC Capital Mkts initiated its Compass Pathways Plc ADR [CMPS] rating to an Outperform in a research note published on July 23, 2024; the price target was $23. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early April with a ‘”an Overweight”‘ rating. Deutsche Bank began covering CMPS with “Buy” recommendation on December 12, 2023.

Price Performance Review of CMPS

On Tuesday, Compass Pathways Plc ADR [NASDAQ:CMPS] saw its stock fall -3.00% to $4.20. Over the last five days, the stock has lost -7.49%. Compass Pathways Plc ADR shares have fallen nearly -52.00% since the year began. Nevertheless, the stocks have fallen -47.50% over the past one year. While a 52-week high of $12.75 was reached on 02/28/24, a 52-week low of $4.00 was recorded on 12/05/24. SMA at 50 days reached $5.18, while 200 days put it at $7.08.

Levels Of Support And Resistance For CMPS Stock

The 24-hour chart illustrates a support level at 4.12, which if violated will result in even more drops to 4.04. On the upside, there is a resistance level at 4.34. A further resistance level may holdings at 4.48. The Relative Strength Index (RSI) on the 14-day chart is 38.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.02%. Stochastics %K at 27.47% indicates the stock is a holding.

How much short interest is there in Compass Pathways Plc ADR?

A steep rise in short interest was recorded in Compass Pathways Plc ADR stocks on 2024-11-29, dropping by -1.59 million shares to a total of 3.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 5.45 million shares. There was a decline of -41.39%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on November 01, 2022 when Loop Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $34 price target.

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