Uranium Energy Corp’s recent filing unveils that its EXECUTIVE VICE PRESIDENT MELBYE SCOTT acquired Company’s shares for reported $39712.0 on Sep 06 ’24. In the deal valued at $4.18 per share,9,500 shares were bought. As a result of this transaction, MELBYE SCOTT now holds 988,031 shares worth roughly $7.45 million.
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Then, Adnani Amir bought 60,000 shares, generating $246,270 in total proceeds. Upon buying the shares at $4.10, the President and CEO now owns 4,242,326 shares.
Before that, KONG DAVID sold 26,000 shares. Uranium Energy Corp shares valued at $177,073 were divested by the Director at a price of $6.81 per share. As a result of the transaction, KONG DAVID now holds 154,085 shares, worth roughly $1.16 million.
TD Securities initiated its Uranium Energy Corp [UEC] rating to a Speculative buy in a research note published on September 13, 2023; the price target was $6. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who increased its forecast for the stock in mid June from “a Hold” to “a Speculative buy”. Canaccord Genuity also remained covering UEC and has decreased its forecast on April 22, 2022 with a “Hold” recommendation from previously “Speculative buy” rating. Canaccord Genuity started covering the stock on October 14, 2020. It rated UEC as “a Speculative buy”.
Price Performance Review of UEC
On Tuesday, Uranium Energy Corp [AMEX:UEC] saw its stock fall -1.95% to $7.54. Over the last five days, the stock has lost -7.03%. Uranium Energy Corp shares have risen nearly 17.81% since the year began. Nevertheless, the stocks have risen 18.93% over the past one year. While a 52-week high of $8.93 was reached on 12/06/24, a 52-week low of $4.06 was recorded on 09/06/24. SMA at 50 days reached $7.85, while 200 days put it at $6.60.
Levels Of Support And Resistance For UEC Stock
The 24-hour chart illustrates a support level at 7.38, which if violated will result in even more drops to 7.21. On the upside, there is a resistance level at 7.67. A further resistance level may holdings at 7.79. The Relative Strength Index (RSI) on the 14-day chart is 42.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.42%. Stochastics %K at 10.98% indicates the stock is a buying.
How much short interest is there in Uranium Energy Corp?
A steep rise in short interest was recorded in Uranium Energy Corp stocks on 2024-11-15, dropping by -2.47 million shares to a total of 52.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 55.04 million shares. There was a decline of -4.7%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 25, 2017 when ROTH Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $3 price target.
