Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. NuScale Power Corporation shares valued at $251,026 were sold by Hopkins John Lawrence on Mar 22 ’24. At $4.20 per share, Hopkins John Lawrence sold 59,768 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Hopkins John Lawrence sold 13,451 shares, netting a total of over 41,927 in proceeds. Following the sale of shares at $3.12 each, the insider now holds 59,768 shares.
Before that, Reyes Jose N Jr had sold 10,328 shares from its account. In a trade valued at $32,192, the Chief Technology Officer traded NuScale Power Corporation shares for $3.12 each. Upon closing the transaction, the insider’s holdings decreased to 10,328 shares, worth approximately $2.72 million.
As published in a research note from Wells Fargo on March 19, 2024, NuScale Power Corporation [SMR] has been rated down from an Equal weight to an Underweight and the price target has been revised to $4.50 from $7.50. Analysts at Canaccord Genuity started covering the stock with ‘”a Buy”‘ outlook in a report released in late January. As of October 13, 2023, B. Riley Securities has initiated its “Buy” rating for SMR. Earlier on October 25, 2022, UBS initiated its rating. Their recommendation was “a Neutral” for SMR stock.
Analyzing SMR Stock Performance
During the last five days, there has been a surge of approximately 20.45%. Over the course of the year, NuScale Power Corporation shares have jumped approximately 79.03%. Shares of the company reached a 52-week high of $11.21 on 03/18/24 and a 52-week low of $1.88 on 01/18/24. A 50-day SMA is recorded $4.88, while a 200-day SMA reached $4.59. Nevertheless, trading volume fell to 2.51 million shares from 3.95 million shares the previous day.
Support And Resistance Levels for NuScale Power Corporation (SMR)
According to the 24-hour chart, there is a support level at 5.50, which, if violated, would cause prices to drop to 5.10. In the upper region, resistance lies at 6.09. The next price resistance is at 6.28. RSI (Relative Strength Index) is 57.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.35, which suggests the price will decrease in the coming days. Percent R is at 41.55%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
