Compass Minerals International (CMP) : The total negative money flow of $6.52 million on Wednesday indicates selling on strength. The inflow of money on upticks was $6.92 million, compared to $13.44 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.51. The negative money flow of $6.14 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $6.14 million. The price action in the Compass Minerals International (CMP) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $72.79 with a gain of $0.18 , a change of 0.25% over the previous days close. The stock registered -1.03% for the week.
Also, Stifel Nicolaus initiates coverage on Compass Minerals International (NYSE:CMP). The rating major has initiated the coverage with buy rating on the shares. The rating by the firm was issued on July 13, 2016.
Compass Minerals International (NYSE:CMP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $72.49 and $71.74 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $73.36. The buying momentum continued till the end and the stock did not give up its gains. It closed at $72.72, notching a gain of 0.15% for the day. The total traded volume was 525,916 . The stock had closed at $72.61 on the previous day.
The stock has recorded a 20-day Moving Average of 2.8% and the 50-Day Moving Average is 5.16%. In a related news, The Securities and Exchange Commission has divulged that Goadby David J, officer (Vice President) of Compass Minerals International Inc, had unloaded 5,239 shares at an average price of $72.52 in a transaction dated on March 14, 2016. The total value of the transaction was worth $379,932.
Compass Minerals International, Inc. (CMP) is a holding company. The Company is a producer and marketer of essential minerals, including salt, sulfate of potash specialty fertilizer (SOP), and magnesium chloride. The Company operates through two segments: salt and plant nutrition. The salt segment produces and markets salt and magnesium chloride for use in road deicing and dust control, food processing, water softeners, and agricultural and industrial applications. SOP crop nutrients, industrial-grade SOP, magnesium chloride for agricultural purposes and other plant nutrients are produced and marketed through the plant nutrition segment. As of December 31, 2014, the Company operated 12 production and packaging facilities, including the largest rock salt mine in the world in Goderich, Ontario, Canada, and the largest rock salt mine in the United Kingdom in Winsford, Cheshire.