Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Centrus Energy Corp shares valued at $646,778 were sold by Donelson John M A on Feb 26 ’24. At $40.24 per share, Donelson John M A sold 16,073 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Bawabeh Morris sold 6,842 shares, netting a total of over 365,672 in proceeds. Following the sale of shares at $53.45 each, the insider now holds 1,216,276 shares.
Before that, Bawabeh Morris had sold 93,158 shares from its account. In a trade valued at $5,177,116, the 10% Owner traded Centrus Energy Corp shares for $55.57 each. Upon closing the transaction, the insider’s holdings decreased to 93,158 shares, worth approximately $52.67 million.
As published in their initiating research note from B. Riley Securities on October 13, 2023, Centrus Energy Corp [LEU] has been a Buy and the price target has been revised to $72. Analysts at ROTH Capital upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of March 14, 2022, Lake Street has decreased its “Buy” rating to a “Hold” for LEU. Earlier on March 11, 2022, ROTH Capital downgraded its rating. Their new recommendation was “a Neutral” for LEU stock which previously was a “a Buy”.
Analyzing LEU Stock Performance
During the last five days, there has been a surge of approximately 5.59%. Over the course of the year, Centrus Energy Corp shares have dropped approximately -20.86%. Shares of the company reached a 52-week high of $57.00 on 01/18/24 and a 52-week low of $37.05 on 03/18/24. A 50-day SMA is recorded $41.58, while a 200-day SMA reached $47.37. Nevertheless, trading volume fell to 0.53 million shares from 0.25 million shares the previous day.
Support And Resistance Levels for Centrus Energy Corp (LEU)
According to the 24-hour chart, there is a support level at 41.25, which, if violated, would cause prices to drop to 39.43. In the upper region, resistance lies at 44.94. The next price resistance is at 46.81. RSI (Relative Strength Index) is 54.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.15, which suggests the price will increase in the coming days. Percent R is at 42.83%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
