Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Uranium Energy Corp shares valued at $177,073 were sold by KONG DAVID on Mar 12 ’24. At $6.81 per share, KONG DAVID sold 26,000 shares. The insider’s holdings dropped to 154,085 shares worth approximately $1.13 million following the completion of this transaction.
Also, DELLA VOLPE VINCENT sold 84,000 shares, netting a total of over 685,983 in proceeds. Following the sale of shares at $8.17 each, the insider now holds 186,095 shares.
Before that, OBARA PAT had sold 4,877 shares from its account. In a trade valued at $29,620, the Chief Financial Officer traded Uranium Energy Corp shares for $6.07 each. Upon closing the transaction, the insider’s holdings decreased to 4,877 shares, worth approximately $5.79 million.
As published in their initiating research note from TD Securities on September 13, 2023, Uranium Energy Corp [UEC] has been a Speculative buy and the price target has been revised to $6. Analysts at Canaccord Genuity upgraded the stock from ‘”a Hold”‘ to ‘”a Speculative buy”‘ outlook in a report released in mid June. As of April 22, 2022, Canaccord Genuity has decreased its “Speculative buy” rating to a “Hold” for UEC. Earlier on October 14, 2020, Canaccord Genuity initiated its rating. Their recommendation was “a Speculative buy” for UEC stock.
Analyzing UEC Stock Performance
During the last five days, there has been a surge of approximately 1.10%. Over the course of the year, Uranium Energy Corp shares have jumped approximately 14.84%. Shares of the company reached a 52-week high of $8.34 on 02/01/24 and a 52-week low of $6.07 on 03/14/24. A 50-day SMA is recorded $7.01, while a 200-day SMA reached $5.71. Nevertheless, trading volume fell to 6.56 million shares from 5.77 million shares the previous day.
Support And Resistance Levels for Uranium Energy Corp (UEC)
According to the 24-hour chart, there is a support level at 7.05, which, if violated, would cause prices to drop to 6.75. In the upper region, resistance lies at 7.53. The next price resistance is at 7.72. RSI (Relative Strength Index) is 57.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.05, which suggests the price will decrease in the coming days. Percent R is at 36.21%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Uranium Energy Corp subject to short interest?
Stocks of Uranium Energy Corp saw a sharp rise in short interest on Mar 15, 2024 jumping by 4.33 million shares to 38.34 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 34.01 million shares. A jump of 11.29% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.6 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.6.
