In a filing, NuScale Power Corporation revealed its Chief Executive Officer Hopkins John Lawrence unloaded Company’s shares for reported $0.25 million on Mar 22 ’24. In the deal valued at $4.20 per share,59,768 shares were sold. As a result of this transaction, Hopkins John Lawrence now holds 0 shares worth roughly $0.0.
Then, Hopkins John Lawrence sold 13,451 shares, generating $41,927 in total proceeds. Upon selling the shares at $3.12, the Chief Executive Officer now owns 59,768 shares.
Before that, Reyes Jose N Jr sold 10,328 shares. NuScale Power Corporation shares valued at $32,192 were divested by the Chief Technology Officer at a price of $3.12 per share. As a result of the transaction, Reyes Jose N Jr now holds 461,402 shares, worth roughly $2.24 million.
Wells Fargo downgraded its NuScale Power Corporation [SMR] rating to an Underweight from a an Equal weight in a research note published on March 19, 2024; the price target was decreased to $4.50 from $7.50. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who began to cover the stock in late January with a ‘”a Buy”‘ rating. B. Riley Securities began covering SMR with “Buy” recommendation on October 13, 2023. UBS started covering the stock on October 25, 2022. It rated SMR as “a Neutral”.
Price Performance Review of SMR
On Monday, NuScale Power Corporation [NYSE:SMR] saw its stock fall -7.97% to $4.85. Over the last five days, the stock has lost -18.35%. NuScale Power Corporation shares have risen nearly 47.42% since the year began. Nevertheless, the stocks have fallen -45.87% over the past one year. While a 52-week high of $11.21 was reached on 03/18/24, a 52-week low of $1.81 was recorded on 01/18/24. SMA at 50 days reached $4.50, while 200 days put it at $4.67. A total of 4.02 million shares were traded, compared to the trading of 2.87 million shares in the previous session.
Levels Of Support And Resistance For SMR Stock
The 24-hour chart illustrates a support level at 4.62, which if violated will result in even more drops to 4.38. On the upside, there is a resistance level at 5.26. A further resistance level may holdings at 5.66. The Relative Strength Index (RSI) on the 14-day chart is 46.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.39%. Stochastics %K at 37.90% indicates the stock is a holding.
The most recent change occurred on August 25, 2022 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $17 price target.
