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A company insider recently bought 2,584 shares of Energy Fuels Inc [UUUU]. Should You Buy?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Energy Fuels Inc shares valued at $16,021 were purchased by HERRERA JAQUELINE on May 13 ’24. At $6.20 per share, HERRERA JAQUELINE acquired 2,584 shares. The insider’s holdings grew to 37,998 shares worth approximately $0.23 million following the completion of this transaction.

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Also, HERRERA JAQUELINE purchased 1,395 shares, netting a total of over 8,496 in proceeds. Following the buying of shares at $6.09 each, the insider now holds 35,414 shares.

Before that, Bennett Nathan Reed had added 1,500 shares to its account. In a trade valued at $8,820, the CAO / Interim CFO bought Energy Fuels Inc shares for $5.88 each. Upon closing the transaction, the insider’s holdings increased to 1,500 shares, worth approximately $0.1 million.

As published in a research note from ROTH MKM on June 05, 2024, Energy Fuels Inc [UUUU] has been rated down from a Buy to a Neutral and the price target has been revised to $6.25 from $6.50. Analysts at B. Riley Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in mid April. As of May 26, 2021, Noble Capital Markets has increased its “Market perform” rating to a “an Outperform” for UUUU. Earlier on January 13, 2021, Cantor Fitzgerald upgraded its rating. Their new recommendation was “a Buy” for UUUU stock which previously was a “a Hold”.

Analyzing UUUU Stock Performance

During the last five days, there has been a drop of approximately -11.76%. Over the course of the year, Energy Fuels Inc shares have dropped approximately -14.46%. Shares of the company reached a 52-week high of $8.21 on 02/01/24 and a 52-week low of $5.16 on 04/30/24. A 50-day SMA is recorded $6.15, while a 200-day SMA reached $7.05. Nevertheless, trading volume fell to 2.04 million shares from 4.25 million shares the previous day.

Support And Resistance Levels for Energy Fuels Inc (UUUU)

According to the 24-hour chart, there is a support level at 6.03, which, if violated, would cause prices to drop to 5.90. In the upper region, resistance lies at 6.28. The next price resistance is at 6.41. RSI (Relative Strength Index) is 44.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.45, which suggests the price will decrease in the coming days. Percent R is at 89.47%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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