New insider activity at Compass Minerals International ( (CMP) ) has taken place on March 28, 2025.
Director Reece Joseph E has made a significant move by purchasing 5,000 shares of Compass Minerals International stock, with the transaction valued at $48,400.
Recent Updates on CMP stock
Compass Minerals International announced significant cost-reduction measures aimed at improving profitability and increasing free cash flow. The company is focusing on its core Salt and Plant Nutrition businesses by reducing its corporate workforce by over 10% and winding down its fire retardant business, Fortress North America. These actions are expected to result in cash savings and are part of a broader strategy to align capital expenditures with business performance. The estimated run-rate cost savings for the trailing 12-month period ending December 31, 2024, are projected to be between $11 million and $13 million, although actual savings may vary due to potential offsetting costs and timing factors.
More about Compass Minerals International
YTD Price Performance: -12.01%
Average Trading Volume: 597,854
Technical Sentiment Signal: Strong Buy
Current Market Cap: $401.3M