Shares rise 5.3% as company announces sale
- Compass Diversified shares rose 5.3% after announcing the sale of Marucci Sports
- The sale price for Marucci Sports is $572 million
- Compass Diversified purchased Marucci Sports in 2020 for $200 million
- Shares of Fox Factory Holding fell 14% in after-hours trading
Shares of Compass Diversified rose 5.3% in after-hours trading following the announcement that the company plans to sell Marucci Sports to Fox Factory Holding for $572 million. Compass Diversified had acquired Marucci Sports in 2020 for $200 million and is now selling it after additional acquisitions for a significant profit. In response to the news, shares of Fox Factory Holding fell 14% in after-hours trading.
Factuality Level: 7
Factuality Justification: The article provides factual information about the rise in shares of Compass Diversified and the sale of Marucci Sports to Fox Factory Holding. It also includes accurate stock prices and the purchase and selling prices of Marucci Sports. However, it does not provide any context or analysis regarding the reasons for the rise in shares or the impact of the sale on the companies involved.
Noise Level: 3
Noise Justification: The article provides information about the rise in shares of Compass Diversified after the news of selling Marucci Sports to Fox Factory Holding. It also mentions the purchase price and the selling price of Marucci Sports. However, the article lacks analysis, context, and relevance to broader trends or consequences. It is primarily focused on stock prices and does not provide actionable insights or explore the impact on stakeholders.
Financial Relevance: Yes
Financial Markets Impacted: Compass Diversified and Fox Factory Holding
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The news article pertains to the financial market as it discusses the rise in shares of Compass Diversified and the sale of Marucci Sports to Fox Factory Holding. However, there is no mention of any extreme event or its impact.
Public Companies: Compass Diversified (N/A), Fox Factory Holding (N/A)
Private Companies: Marucci Sports
Key People:
www.marketwatch.com 
