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An Analysis of Cameco Corp (CCJ)’s Potential Price Growth

Cameco Corp’s recent filing unveils that 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.

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 Tuesday, Cameco Corp [NYSE:CCJ] saw its stock fall -5.89% to $51.58. Over the last five days, the stock has gained 0.49%. Cameco Corp shares have risen nearly 0.37% since the year began. Nevertheless, the stocks have risen 22.08% over the past one year. While a 52-week high of $62.55 was reached on 01/06/25, a 52-week low of $35.43 was recorded on 01/02/25. SMA at 50 days reached $54.93, while 200 days put it at $49.48.

Levels Of Support And Resistance For CCJ Stock

The 24-hour chart illustrates a support level at 50.06, which if violated will result in even more drops to 48.54. On the upside, there is a resistance level at 54.35. A further resistance level may holdings at 57.12. The Relative Strength Index (RSI) on the 14-day chart is 41.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.25%. Stochastics %K at 43.45% 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 2024-12-13, growing by 0.41 million shares to a total of 18.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 18.05 million shares. There was a rise of 2.23%, which implies that there is a positive sentiment for the stock.

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