NuScale Power Corporation [SMR] Director makes an insider sale of 5,249 shares worth $31363.0.


In a filing, NuScale Power Corporation revealed its Director Fujino Shinji unloaded Company’s shares for reported $31363.0 on Aug 24. In the deal valued at $5.97 per share,5,249 shares were sold. As a result of this transaction, Fujino Shinji now holds 0 shares worth roughly $ 0.0.

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Then, BOECKMANN ALAN L bought 7,000 shares, generating $49,420 in total proceeds. Upon buying the shares at $7.06, the Director now owns 35,627 shares.

Before that, Colbert Chris sold 29,928 shares. NuScale Power Corporation shares valued at $209,538 were divested by the Chief Financial Officer at a price of $7.00 per share. As a result of the transaction, Colbert Chris now holds 15,048 shares, worth roughly $90588.95999999999.

UBS initiated its NuScale Power Corporation [SMR] rating to a Neutral in a research note published on Monday, October 25, 2022; the price target was $13. PT values the company’s stock at a premium of 53.69 to its Monday closing price.

Price Performance Review of SMR

On Monday, NuScale Power Corporation [NYSE:SMR] saw its stock jump 2.91% to $6.02. On the same session, the stock had its day’s lowest price of $5.90, but rose to a high of $6.11. Over the last five days, the stock has lost -7.81%. NuScale Power Corporation shares have fallen nearly -41.33% since the year began. Nevertheless, the stocks have fallen -59.41% over the past one year. While a 52-week high of $15.12 was reached on 01/24/23, a 52-week low of $5.75 was recorded on 08/25/23. SMA at 50 days reached $7.13, while 200 days put it at $8.98. A total of 0.91 million shares were traded, compared to the trading of 1.66 million shares in the previous session.

Levels Of Support And Resistance For SMR Stock

The 24-hour chart illustrates a support level at 5.91, which if violated will result in even more drops to 5.80. On the upside, there is a resistance level at 6.12. A further resistance level may holdings at 6.22. The Relative Strength Index (RSI) on the 14-day chart is 33.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.67%. Stochastics %K at 5.94% indicates the stock is a buying.

How much short interest is there in NuScale Power Corporation?

A steep rise in short interest was recorded in NuScale Power Corporation stocks on Aug 14, 2023, growing by 1.13 million shares to a total of 9.64 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 8.51 million shares. There was a rise of 11.72%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 17.17% of the overall stock float, the days-to-cover ratio (short ratio) rose to 9.22.

NuScale Power Corporation [SMR] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 5,205,568 shares, or roughly 7.08% of the outstanding SMR shares. In other words, the investor’s shares have risen by 1,744,255 from its previous 13-F filing of 3461313.0.. Over the last quarter, Fidelity Management & Research Co purchased 276,212 shares of NuScale Power Corporation, while Global X Management Co. LLC bought 164,716 shares. At present, SailingStone Capital Partners LLC is holding 1,736,028 shares valued at $13.16 million. Macquarie Investment Management B owned 915,027 shares of the company at the time of its most recent 13F filing, worth $6.94 million.

According to FactSet, NuScale Power Corporation’s share price will average $12.38 in the next year, based on opinions of analysts polled by the firm. This is up nearly 100.85 percent from its previous closing price of $5.85. Analysts expect NuScale Power Corporation stock to reach the higher price of $18.00, while the lowest price estimate is $8.00. However, 4 analysts have rated SMR stock as an Overweight in their predictions for 2023.


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