The share price of uranium miner Cameco (T:CCO; NYSE: CCJ) has been rallying on the back of a bullish report from a US investment bank. However, as Wall Street says buy, insiders sell.
Nevertheless, as we have seen in the US technology sector over the past decade, insider selling into Wall Street hype does not necessarily foreshadow an immediate price trend reversal. Cameco stock could still move higher despite insider profit-taking. For those investors who want to outperform the Wall Street herd, there may be better opportunities than Cameco in the uranium mining space.
On Monday in the INK morning report, we will highlight two uranium miners that have higher INK Edge rankings than Cameco. In the meantime, download the INK Cameco company report for free here . Canadian Insider Ultra Club members can download 30 INK Company reports for free each month. Consider joining us via a monthly or annual membership to get access to more company reports and much more.
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