Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. NuScale Power Corporation shares valued at $900,000 were purchased by Temple Robert K on Sep 25 ’24. At $12.00 per share, Temple Robert K acquired 75,000 shares.
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Also, Temple Robert K sold 144,627 shares, netting a total of over 1,576,434 in proceeds. Following the sale of shares at $10.90 each, the insider now holds 14,054 shares.
Before that, Temple Robert K had added 144,627 shares to its account. In a trade valued at $1,576,434, the Former Officer bought NuScale Power Corporation shares for $10.90 each.
As published in their initiating research note from Craig Hallum on September 26, 2024, NuScale Power Corporation [SMR] has been a Buy and the price target has been revised to $16. Analysts at CLSA started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid September. As of March 19, 2024, Wells Fargo has decreased its “an Equal weight” rating to a “an Underweight” for SMR. Earlier on January 29, 2024, Canaccord Genuity initiated its rating. Their recommendation was “a Buy” for SMR stock.
Analyzing SMR Stock Performance
During the last five days, there has been a surge of approximately 23.73%. Over the course of the year, NuScale Power Corporation shares have jumped approximately 261.40%. 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 $9.39, while a 200-day SMA reached $6.71. Nevertheless, trading volume fell to 6.3 million shares from 11.66 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 11.40, which, if violated, would cause prices to drop to 10.90. In the upper region, resistance lies at 12.50. The next price resistance is at 13.10. RSI (Relative Strength Index) is 68.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.11, which suggests the price will increase in the coming days. Percent R is at 12.88%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
