Taking this into account, BofA Securities upgraded its Constellation Energy Corporation [CEG] rating to a Buy from a a Neutral in a research note published on December 12, 2024; the price target was increased to $269 from $237. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in mid October with a ‘”an Overweight”‘ rating. Citigroup began covering CEG with “Neutral” recommendation on October 15, 2024. Jefferies started covering the stock on September 13, 2024. It rated CEG as “a Hold”.
Price Performance Review of CEG
On Monday, Constellation Energy Corporation [NASDAQ:CEG] saw its stock fall -20.85% to $275.00. Over the last five days, the stock has lost -13.07%. Constellation Energy Corporation shares have risen nearly 22.93% since the year began. Nevertheless, the stocks have risen 137.75% over the past one year. While a 52-week high of $352.00 was reached on 01/23/25, a 52-week low of $117.04 was recorded on 01/02/25. SMA at 50 days reached $255.68, while 200 days put it at $224.48.
Levels Of Support And Resistance For CEG Stock
The 24-hour chart illustrates a support level at 262.74, which if violated will result in even more drops to 250.47. On the upside, there is a resistance level at 294.97. A further resistance level may holdings at 314.93. The Relative Strength Index (RSI) on the 14-day chart is 48.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 23.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 62.12%. Stochastics %K at 76.55% indicates the stock is a holding.
How much short interest is there in Constellation Energy Corporation?
A steep rise in short interest was recorded in Constellation Energy Corporation stocks on 2024-12-31, dropping by -0.7 million shares to a total of 5.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 6.49 million shares. There was a decline of -12.01%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 08, 2024 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $211 price target.
