The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. NuScale Power Corporation shares valued at $900,000 were sold by Temple Robert K on Sep 25 ’24. At $12.00 per share, Temple Robert K sold 75,000 shares. The insider’s holdings dropped to 14,054 shares worth approximately $0.17 million following the completion of this transaction.
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Also, Temple Robert K purchased 75,000 shares, netting a total of over 900,000 in proceeds.
Before that, Temple Robert K had sold 144,627 shares from its account. In a trade valued at $1,576,434, the Retired traded NuScale Power Corporation shares for $10.90 each. Upon closing the transaction, the insider’s holdings decreased to 144,627 shares, worth approximately $0.17 million.
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 1.01%. Over the course of the year, NuScale Power Corporation shares have jumped approximately 265.05%. 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 $9.44, while a 200-day SMA reached $6.94. Nevertheless, trading volume fell to 10.23 million shares from 5.46 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 11.02, which, if violated, would cause prices to drop to 10.03. In the upper region, resistance lies at 13.10. The next price resistance is at 14.19. RSI (Relative Strength Index) is 62.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.99, which suggests the price will decrease in the coming days. Percent R is at 27.05%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
