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B. Riley Securities initates Centrus Energy Corp (LEU) stock to a Buy

Centrus Energy Corp’s filing revealed that its SVP, FIELD OPERATIONS CUTLIP LARRY B unloaded Company’s shares for reported $0.11 million on Aug 13 ’24. In the deal valued at $37.64 per share,3,000 shares were sold. As a result of this transaction, CUTLIP LARRY B now holds 13,402 shares worth roughly $0.71 million.

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Then, Donelson John M A sold 16,073 shares, generating $646,778 in total proceeds. Upon selling the shares at $40.24, the SVP, Sales & Chief Mktg Officr now owns 0 shares.

Before that, Bawabeh Morris sold 93,158 shares. Centrus Energy Corp shares valued at $5,177,116 were divested by the 10% Owner at a price of $55.57 per share. As a result of the transaction, Bawabeh Morris now holds 1,223,118 shares, worth roughly $64.87 million.

B. Riley Securities initiated its Centrus Energy Corp [LEU] rating to a Buy in a research note published on October 13, 2023; the price target was $72. A number of analysts have revised their coverage, including ROTH Capital’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “a Buy”. Lake Street also remained covering LEU and has decreased its forecast on March 14, 2022 with a “Hold” recommendation from previously “Buy” rating. ROTH Capital revised its rating on March 11, 2022. It rated LEU as “a Neutral” which previously was an “a Buy”.

Price Performance Review of LEU

On Tuesday, Centrus Energy Corp [AMEX:LEU] saw its stock jump 5.45% to $53.04. Over the last five days, the stock has gained 33.07%. Centrus Energy Corp shares have fallen nearly -2.52% since the year began. Nevertheless, the stocks have fallen -2.14% over the past one year. While a 52-week high of $61.35 was reached on 01/18/24, a 52-week low of $33.51 was recorded on 08/05/24. SMA at 50 days reached $40.43, while 200 days put it at $44.43.

Levels Of Support And Resistance For LEU Stock

The 24-hour chart illustrates a support level at 51.15, which if violated will result in even more drops to 49.26. On the upside, there is a resistance level at 54.29. A further resistance level may holdings at 55.54. The Relative Strength Index (RSI) on the 14-day chart is 77.88, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.53, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.26%. Stochastics %K at 94.39% indicates the stock is a selling.

How much short interest is there in Centrus Energy Corp?

A steep rise in short interest was recorded in Centrus Energy Corp stocks on 2024-08-30, growing by 0.21 million shares to a total of 1.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 1.42 million shares. There was a rise of 12.99%, which implies that there is a positive sentiment for the stock.

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