As this happened, JP Morgan initiated its Constellation Energy Corporation [CEG] rating to an Overweight in a research note published on October 17, 2024; the price target was $342. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in mid October with a ‘”a Neutral”‘ rating. Jefferies began covering CEG with “Hold” recommendation on September 13, 2024. Barclays started covering the stock on August 08, 2024. It rated CEG as “an Overweight”.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Price Performance Review of CEG
On Tuesday, Constellation Energy Corporation [NASDAQ:CEG] saw its stock fall -2.82% to $266.00. Over the last five days, the stock has lost -0.06%. Constellation Energy Corporation shares have risen nearly 127.56% since the year began. Nevertheless, the stocks have risen 137.29% 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 $225.76, while 200 days put it at $190.55.
Levels Of Support And Resistance For CEG Stock
The 24-hour chart illustrates a support level at 264.09, which if violated will result in even more drops to 262.18. On the upside, there is a resistance level at 269.67. A further resistance level may holdings at 273.33. The Relative Strength Index (RSI) on the 14-day chart is 56.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.31%. Stochastics %K at 52.67% 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.
The most recent change occurred on July 19, 2024 when Argus began covering the stock and recommended ‘”a Buy”‘ rating along with a $240 price target.
