Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $5.47 million following the completion of this transaction.
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 $0.85 million.
As published in their initiating research note from National Bank Financial on February 12, 2025, Uranium Energy Corp [UEC] has been an Outperform and the price target has been revised to $10. Analysts at TD Securities started covering the stock with ‘”a Speculative buy”‘ outlook in a report released in mid September. As of June 13, 2022, Canaccord Genuity has increased its “Hold” rating to a “Speculative buy” for UEC. Earlier on April 22, 2022, Canaccord Genuity downgraded its rating. Their new recommendation was “a Hold” for UEC stock which previously was a “a Speculative buy”.
Analyzing UEC Stock Performance
During the last five days, there has been a drop of approximately -7.51%. Over the course of the year, Uranium Energy Corp shares have dropped approximately -17.19%. Shares of the company reached a 52-week high of $8.49 on 01/24/25 and a 52-week low of $5.31 on 02/25/25. A 50-day SMA is recorded $7.02, while a 200-day SMA reached $6.62. Nevertheless, trading volume fell to 7.92 million shares from 9.15 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 5.43, which, if violated, would cause prices to drop to 5.32. In the upper region, resistance lies at 5.67. The next price resistance is at 5.80. RSI (Relative Strength Index) is 29.88 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.81, which suggests the price will decrease in the coming days. Percent R is at 87.83%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
