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The Attractiveness of Investing In Cameco Corp (CCJ) is Growing

In a filing, Cameco Corp revealed its Officer Gitzel Timothy S. acquired Company’s shares for reported $3.06 million on Dec 05 ’24. In the deal valued at $61.14 per share,50,000 shares were bought.

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Then, Quinn Sean A. bought 13,400 shares, generating $816,462 in total proceeds.

Before that, Reilly Brian A. bought 14,062 shares. Cameco Corp shares valued at $808,003 were divested by the Officer at a price of $57.46 per share.

Cantor Fitzgerald upgraded its Cameco Corp [CCJ] rating to an Overweight from a a Neutral in a research note published recently. 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 Friday, Cameco Corp [NYSE:CCJ] saw its stock fall -3.05% to $54.29. Over the last five days, the stock has lost -11.09%. Cameco Corp shares have risen nearly 25.96% since the year began. Nevertheless, the stocks have risen 18.93% over the past one year. While a 52-week high of $62.55 was reached on 12/06/24, a 52-week low of $35.43 was recorded on 08/05/24. SMA at 50 days reached $55.21, while 200 days put it at $48.64.

Levels Of Support And Resistance For CCJ Stock

The 24-hour chart illustrates a support level at 53.62, which if violated will result in even more drops to 52.94. On the upside, there is a resistance level at 55.61. A further resistance level may holdings at 56.92. The Relative Strength Index (RSI) on the 14-day chart is 42.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.64%. Stochastics %K at 13.08% indicates the stock is a buying.

How much short interest is there in Cameco Corp?

A steep rise in short interest was recorded in Cameco Corp stocks on 2024-11-29, growing by 0.19 million shares to a total of 18.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 17.86 million shares. There was a rise of 1.07%, which implies that there is a positive sentiment for the stock.

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