Cameco Corporation (CCJ) has been under a strong bear grip, hence the stock is down -10.65% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.26% in the past 1 week. The stock has risen by 2.31% in the past week indicating that the buyers are active at lower levels, but the stock is down -9.73% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 2.4% and the 50-Day Moving Average is 8.63%. Cameco Corporation (NYSE:CCJ): On Fridays trading session , Opening price of the stock was $9.84 with an intraday high of $9.84. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $9.65. However, the stock managed to close at $9.74, a loss of 0.41% for the day. On the previous day, the stock had closed at $9.78. The total traded volume of the day was 1,496,258 shares.
The company Insiders own 1% of Cameco Corporation shares according to the proxy statements. Institutional Investors own 58.02% of Cameco Corporation shares. Also, Bank of America downgrades its rating on Cameco Corporation (NYSE:CCJ). Analysts at the Bank of America have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on July 21, 2016.
Cameco Corporation (Cameco) is engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: Uranium, fuel services and NUKEM. The uranium segment involves the exploration for, mining, milling, purchase and sale of uranium concentrate. The fuel services segment involves the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. The NUKEM segment acts as a market intermediary between uranium producers and nuclear-electric utilities. Cameco conducts a portion of its exploration, development, mining and milling activities through joint operations located around the world. Camecos Canadian uranium joint operation interests are McArthur River, Key Lake and Cigar Lake.