Following these proceedings, Jefferies initiated its Constellation Energy Corporation [CEG] rating to a Hold in a research note published on September 13, 2024; the price target was $186. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early August with a ‘”an Overweight”‘ rating. Argus began covering CEG with “Buy” recommendation on July 19, 2024. KeyBanc Capital Markets revised its rating on February 28, 2024. It rated CEG as “an Overweight” which previously was an “a Sector weight”.
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Price Performance Review of CEG
On Tuesday, Constellation Energy Corporation [NASDAQ:CEG] saw its stock jump 0.30% to $279.39. Over the last five days, the stock has gained 5.19%. Constellation Energy Corporation shares have risen nearly 139.02% since the year began. Nevertheless, the stocks have risen 153.60% over the past one year. While a 52-week high of $288.75 was reached on 10/07/24, a 52-week low of $109.44 was recorded on 01/17/24. SMA at 50 days reached $207.93, while 200 days put it at $182.92.
Levels Of Support And Resistance For CEG Stock
The 24-hour chart illustrates a support level at 274.53, which if violated will result in even more drops to 269.66. On the upside, there is a resistance level at 282.83. A further resistance level may holdings at 286.26. The Relative Strength Index (RSI) on the 14-day chart is 76.77, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 19.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.85%. Stochastics %K at 92.44% indicates the stock is a selling.
How much short interest is there in Constellation Energy Corporation?
A steep rise in short interest was recorded in Constellation Energy Corporation stocks on 2024-09-13, growing by 1.35 million shares to a total of 6.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5.14 million shares. There was a rise of 20.81%, which implies that there is a positive sentiment for the stock.
