Compass Diversified Holdings’s recent filing unveils that its 10% Owner CGI Magyar Holdings LLC unloaded Company’s shares for reported $3.12 million on Nov 11 ’24. In the deal valued at $23.05 per share,135,274 shares were sold. As a result of this transaction, CGI Magyar Holdings LLC now holds 7,456,197 shares worth roughly $174.1 million.
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Then, MACIARIELLO PATRICK A bought 5,000 shares, generating $109,350 in total proceeds. Upon buying the shares at $21.87, the See Remark (a) now owns 228,518 shares.
Before that, Keller Stephen bought 5,000 shares. Compass Diversified Holdings shares valued at $108,150 were divested by the See Remark (a) at a price of $21.63 per share. As a result of the transaction, Keller Stephen now holds 10,340 shares, worth roughly $0.24 million.
TD Cowen initiated its Compass Diversified Holdings [CODI] rating to a Buy in a research note published on November 27, 2024; the price target was $34. B. Riley Securities began covering CODI with “Buy” recommendation on April 08, 2022. Oppenheimer started covering the stock on September 14, 2021. It rated CODI as “a Perform”.
Price Performance Review of CODI
On Friday, Compass Diversified Holdings [NYSE:CODI] saw its stock jump 1.48% to $23.35. Over the last five days, the stock has lost -1.14%. Compass Diversified Holdings shares have risen nearly 4.01% since the year began. Nevertheless, the stocks have risen 8.10% over the past one year. While a 52-week high of $25.07 was reached on 03/08/24, a 52-week low of $19.76 was recorded on 09/11/24. SMA at 50 days reached $22.54, while 200 days put it at $22.34.
Levels Of Support And Resistance For CODI Stock
The 24-hour chart illustrates a support level at 22.66, which if violated will result in even more drops to 21.96. On the upside, there is a resistance level at 23.94. A further resistance level may holdings at 24.52. The Relative Strength Index (RSI) on the 14-day chart is 51.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.80%. Stochastics %K at 25.76% indicates the stock is a holding.
How much short interest is there in Compass Diversified Holdings?
A steep rise in short interest was recorded in Compass Diversified Holdings stocks on 2024-11-29, dropping by 30205.0 shares to a total of 0.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.77 million shares. There was a decline of -4.08%, which implies that there is a negative sentiment for the stock.
