Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. NuScale Power Corporation shares valued at $500,018 were purchased by Temple Robert K on Aug 14 ’24. At $10.00 per share, Temple Robert K acquired 50,000 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Temple Robert K purchased 50,000 shares, netting a total of over 501,526 in proceeds.
Before that, Fisher Carl M. had sold 12,302 shares from its account. In a trade valued at $108,110, the Chief Operating Officer traded NuScale Power Corporation shares for $8.79 each. Upon closing the transaction, the insider’s holdings decreased to 12,302 shares, worth approximately $0.29 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 8.64%. Over the course of the year, NuScale Power Corporation shares have jumped approximately 186.63%. Shares of the company reached a 52-week high of $16.91 on 07/15/24 and a 52-week low of $1.88 on 01/18/24. A 50-day SMA is recorded $10.48, while a 200-day SMA reached $5.79. Nevertheless, trading volume fell to 3.05 million shares from 4.76 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 9.16, which, if violated, would cause prices to drop to 8.88. In the upper region, resistance lies at 9.98. The next price resistance is at 10.52. RSI (Relative Strength Index) is 45.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.27, which suggests the price will decrease in the coming days. Percent R is at 44.50%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
