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Nuclear Stock Nabs Fresh Record on Bull Note
BWX TechnologiesBWX Technologies(US:BWXT) Schaeffers Investment Researchยท2024-11-14 16:06

Price Target and Stock Performance - BWX Technologies Inc's stock price target was raised by BofA Global Research from $115 to $160, with the stock trading at $132.88 and reaching a record high of $136.31 [1] - The stock has increased by 72.9% year to date and is on track for its sixth consecutive daily gain [1] Analyst Ratings and Market Sentiment - Among the 24 brokerages covering BWXT, 13 still have a "hold" or worse rating, indicating potential for upgrades or price-target hikes [2] - The 12-month consensus target price is $131.91, aligning with current estimates [2] Short Interest and Buying Power - Short interest in BWXT rose by 10.4% in the last two reporting periods, with 135.07 million shares sold short, representing 18.2% of the stock's available float [3] - This short interest indicates more than five days' worth of pent-up buying power [3] Options Trading Activity - Options traders are showing bullish sentiment, with a 50-day call/put volume ratio of 3.73, the highest in the past year, indicating long-term optimism [4]