As this happened, Citigroup initiated its Constellation Energy Corporation [CEG] rating to a Neutral in a research note published on October 15, 2024; the price target was $284. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid September with a ‘”a Hold”‘ rating. Barclays began covering CEG with “an Overweight” recommendation on August 08, 2024. Argus started covering the stock on July 19, 2024. It rated CEG as “a Buy”.
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Price Performance Review of CEG
On Tuesday, Constellation Energy Corporation [NASDAQ:CEG] saw its stock fall -2.06% to $266.15. Over the last five days, the stock has lost -4.74%. Constellation Energy Corporation shares have risen nearly 127.69% since the year began. Nevertheless, the stocks have risen 134.10% 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 $217.04, while 200 days put it at $186.64.
Levels Of Support And Resistance For CEG Stock
The 24-hour chart illustrates a support level at 262.39, which if violated will result in even more drops to 258.64. On the upside, there is a resistance level at 269.85. A further resistance level may holdings at 273.56. The Relative Strength Index (RSI) on the 14-day chart is 62.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.93%. Stochastics %K at 47.82% indicates the stock is a holding.
How much short interest is there in Constellation Energy Corporation?
A steep rise in short interest was recorded in Constellation Energy Corporation stocks on 2024-09-30, dropping by -0.25 million shares to a total of 5.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.97 million shares. There was a decline of -4.41%, which implies that there is a negative sentiment for the stock.
