Sunday, June 26, 2022

A company insider recently sold 10,000 shares of Uranium Energy Corp. [UEC]. Should You also Consider to Sale?

Uranium Energy Corp.’s recent filing unveils that its Director Ballesta Moya Gloria L unloaded Company’s shares for reported $29200.0 on Sep 24. In the deal valued at $2.92 per share,10,000 shares were sold. As a result of this transaction, Ballesta Moya Gloria L now holds 74,394 shares worth roughly $ 0.26 million.


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Then, Adnani Amir sold 109,220 shares, generating $248,563 in total proceeds. Upon selling the shares at $2.28, the President and CEO now owns 3,049,902 shares.

Before that, OBARA PAT sold 20,000 shares. Uranium Energy Corp. shares valued at $45,700 were divested by the Chief Financial Officer at a price of $2.29 per share. As a result of the transaction, OBARA PAT now holds 488,158 shares, worth roughly $1.71 million.

While this happened, Canaccord Genuity upgraded its Uranium Energy Corp. [UEC] rating to a Speculative buy from a a Hold in a research note published on Tuesday. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who decreased its forecast for the stock in late April from “a Speculative buy” to “a Hold”. Canaccord Genuity began covering UEC with a “Speculative buy” recommendation on October 14, 2020. ROTH Capital started covering the stock on October 25, 2017. It rated UEC as “a Buy”.

Price Performance Review of UEC

On Tuesday, Uranium Energy Corp. [AMEX:UEC] saw its stock jump 5.41% to $3.51. On the same session, the stock had its day’s lowest price of $3.41, but rose to a high of $3.71. Over the last five days, the stock has lost -0.57%. Uranium Energy Corp. shares have risen nearly 4.78% since the year began. Nevertheless, the stocks have risen 25.36% over the past one year. While a 52-week high of $6.60 was reached on 04/13/22, a 52-week low of $1.89 was recorded on 01/28/22. SMA at 50 days reached $4.20, while 200 days put it at $3.84. A total of 11.85 million shares were traded, compared to the trading of 16.95 million shares in the previous session.

Levels Of Support And Resistance For UEC Stock

The 24-hour chart illustrates a support level at 3.38, which if violated will result in even more drops to 3.24. On the upside, there is a resistance level at 3.67. A further resistance level may holdings at 3.84. The Relative Strength Index (RSI) on the 14-day chart is 45.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.58%. Stochastics %K at 15.82% indicates the stock is a buying.

Uranium Energy Corp. [UEC] – Who Are The Largest Shareholders?

In filings from SSgA Funds Management, Inc., it is revealed that the company now owns 30,815,436 shares, or roughly 10.89% of the outstanding UEC shares. In other words, the investor’s shares have risen by 3,683,446 from its previous 13-F filing of 27131990.0. Additionally, BlackRock Fund Advisors increased 3.40% of its stake after which the total value it holdings stand at $59,876,292, while Global X Management Co. LLC added 23.26% of its stake to hold $51.9 million in the firm. Over the last quarter, The Vanguard Group, Inc. purchased 250,141 shares of Uranium Energy Corp., while Exchange Traded Concepts LLC bought 2,818,076 shares. At present, Marshall Wace LLP is holding 5,177,518 shares valued at $19.78 million. Geode Capital Management LLC owned 4,477,130 shares of the company at the time of its most recent 13F filing, worth $17.1 million.

According to FactSet, Uranium Energy Corp.’s share price will average $6.36 in the next year, based on opinions of analysts polled by the firm. This is up nearly 98.2 percent from its previous closing price of $3.33. Analysts expect Uranium Energy Corp. stock to reach the higher price of $7.20, while the lowest price estimate is $5.00. However, 5 analysts have rated UEC stock as a Buy in their predictions for 2022.

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