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Cameco Corp (CCJ) Becoming More Attractive for Investors

Cameco Corp’s filing revealed that its Officer Reilly Brian A. acquired Company’s shares for reported $0.81 million on Nov 19 ’24. In the deal valued at $57.46 per share,14,062 shares were bought.

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Cantor Fitzgerald upgraded its Cameco Corp [CCJ] rating to an Overweight from a a Neutral in a research note published on A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early April with a ‘”a Buy”‘ rating. Cantor Fitzgerald also remained covering CCJ and has decreased its forecast on December 19, 2023 with a “Neutral” recommendation from previously “Buy” rating.

Price Performance Review of CCJ

On Tuesday, Cameco Corp [NYSE:CCJ] saw its stock jump 2.79% to $57.46. Over the last five days, the stock has gained 5.61%. Cameco Corp shares have risen nearly 33.32% since the year began. Nevertheless, the stocks have risen 28.83% over the past one year. While a 52-week high of $58.72 was reached on 10/21/24, a 52-week low of $35.43 was recorded on 08/05/24. SMA at 50 days reached $50.51, while 200 days put it at $47.29.

Levels Of Support And Resistance For CCJ Stock

The 24-hour chart illustrates a support level at 56.08, which if violated will result in even more drops to 54.70. On the upside, there is a resistance level at 58.34. A further resistance level may holdings at 59.22. The Relative Strength Index (RSI) on the 14-day chart is 66.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.51, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.95%. Stochastics %K at 76.56% indicates the stock is a holding.

How much short interest is there in Cameco Corp?

A steep rise in short interest was recorded in Cameco Corp stocks on 2024-10-31, dropping by -0.89 million shares to a total of 17.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 18.76 million shares. There was a decline of -5.01%, which implies that there is a negative sentiment for the stock.

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