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A company insider recently bought 1,500 shares of Energy Fuels Inc [UUUU]. Should You Buy?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Energy Fuels Inc shares valued at $8,085 were purchased by SHUMWAY LOGAN on Oct 11 ’24. At $5.39 per share, SHUMWAY LOGAN acquired 1,500 shares. The insider’s holdings grew to 91,615 shares worth approximately $0.58 million following the completion of this transaction.

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Also, HERRERA JAQUELINE purchased 2,584 shares, netting a total of over 16,021 in proceeds. Following the buying of shares at $6.20 each, the insider now holds 37,998 shares.

Before that, HERRERA JAQUELINE had added 1,395 shares to its account. In a trade valued at $8,496, the Director bought Energy Fuels Inc shares for $6.09 each. Upon closing the transaction, the insider’s holdings increased to 1,395 shares, worth approximately $0.23 million.

As published in a research note from H.C. Wainwright on November 04, 2024, Energy Fuels Inc [UUUU] has been retained to a Buy and the price target has been revised to $11. Analysts at ROTH MKM downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early June. As of April 18, 2024, B. Riley Securities has initiated its “Buy” rating for UUUU. Earlier on May 26, 2021, Noble Capital Markets upgraded its rating. Their new recommendation was “an Outperform” for UUUU stock which previously was a “a Market perform”.

Analyzing UUUU Stock Performance

During the last five days, there has been a surge of approximately 5.45%. Over the course of the year, Energy Fuels Inc shares have dropped approximately -11.27%. Shares of the company reached a 52-week high of $8.21 on 02/01/24 and a 52-week low of $4.19 on 08/05/24. A 50-day SMA is recorded $5.68, while a 200-day SMA reached $5.89. Nevertheless, trading volume fell to 3.63 million shares from 3.96 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 6.19, which, if violated, would cause prices to drop to 6.00. In the upper region, resistance lies at 6.72. The next price resistance is at 7.06. RSI (Relative Strength Index) is 55.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.31, which suggests the price will decrease in the coming days. Percent R is at 31.72%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.

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