The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Uranium Energy Corp shares valued at $39,712 were purchased by MELBYE SCOTT on Sep 06 ’24. At $4.18 per share, MELBYE SCOTT acquired 9,500 shares. The insider’s holdings grew to 988,031 shares worth approximately $7.05 million following the completion of this transaction.
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Also, Adnani Amir purchased 60,000 shares, netting a total of over 246,270 in proceeds. Following the buying of shares at $4.10 each, the insider now holds 4,242,326 shares.
Before that, KONG DAVID had sold 26,000 shares from its account. In a trade valued at $177,073, the Director traded Uranium Energy Corp shares for $6.81 each. Upon closing the transaction, the insider’s holdings decreased to 26,000 shares, worth approximately $1.1 million.
As published in their initiating research note from TD Securities on September 13, 2023, Uranium Energy Corp [UEC] has been a Speculative buy and the price target has been revised to $6. Analysts at Canaccord Genuity upgraded the stock from ‘”a Hold”‘ to ‘”a Speculative buy”‘ outlook in a report released in mid June. As of April 22, 2022, Canaccord Genuity has decreased its “Speculative buy” rating to a “Hold” for UEC. Earlier on October 14, 2020, Canaccord Genuity initiated its rating. Their recommendation was “a Speculative buy” for UEC stock.
Analyzing UEC Stock Performance
During the last five days, there has been a drop of approximately -5.17%. Over the course of the year, Uranium Energy Corp shares have jumped approximately 11.72%. Shares of the company reached a 52-week high of $8.93 on 12/06/24 and a 52-week low of $4.06 on 09/06/24. A 50-day SMA is recorded $7.87, while a 200-day SMA reached $6.62. Nevertheless, trading volume fell to 1.79 million shares from 4.2 million shares the previous day.
Support And Resistance Levels for Uranium Energy Corp (UEC)
According to the 24-hour chart, there is a support level at 7.04, which, if violated, would cause prices to drop to 6.95. In the upper region, resistance lies at 7.23. The next price resistance is at 7.33. RSI (Relative Strength Index) is 40.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.65, which suggests the price will decrease in the coming days. Percent R is at 93.23%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
