Uranium Energy (NYSEAMERICAN:UEC) Shares Gap Down - Here's Why

Market Beat
2024.11.04 17:24
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Uranium Energy Corp. (NYSEAMERICAN:UEC) shares gapped down from $0.29 to $0.10 before market opening, last trading at $0.97 with a volume of 1,193,079 shares. Analysts have set new price targets, with Roth Mkm and HC Wainwright both issuing a 'buy' rating and a price objective of $0.25. Insider transactions include EVP Scott Melbye purchasing 9,500 shares and CEO Amir Adnani acquiring 60,000 shares. Institutional ownership stands at 62.28%, with several hedge funds adjusting their positions in UEC recently.