NuScale Power Corporation’s filing revealed that its Retired Temple Robert K unloaded Company’s shares for reported $0.89 million on Oct 04 ’24. In the deal valued at $13.02 per share,68,558 shares were sold. As a result of this transaction, Temple Robert K now holds 14,054 shares worth roughly $-0.2 million.
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Then, Temple Robert K bought 68,558 shares, generating $892,744 in total proceeds.
Before that, Temple Robert K sold 75,000 shares. NuScale Power Corporation shares valued at $900,000 were divested by the Retired at a price of $12.00 per share. As a result of the transaction, Temple Robert K now holds 14,054 shares, worth roughly $0.2 million.
Craig Hallum initiated its NuScale Power Corporation [SMR] rating to a Buy in a research note published on September 26, 2024; the price target was $16. A number of analysts have revised their coverage, including CLSA’s analysts, who began to cover the stock in mid September with a ‘”an Outperform”‘ rating. Wells Fargo also remained covering SMR and has decreased its forecast on March 19, 2024 with a “an Underweight” recommendation from previously “an Equal weight” rating. Canaccord Genuity started covering the stock on January 29, 2024. It rated SMR as “a Buy”.
Price Performance Review of SMR
On Monday, NuScale Power Corporation [NYSE:SMR] saw its stock jump 6.09% to $13.94. Over the last five days, the stock has gained 8.40%. NuScale Power Corporation shares have risen nearly 323.71% since the year began. Nevertheless, the stocks have risen 154.38% over the past one year. While a 52-week high of $16.91 was reached on 07/15/24, a 52-week low of $1.81 was recorded on 01/18/24. SMA at 50 days reached $9.88, while 200 days put it at $7.27.
Levels Of Support And Resistance For SMR Stock
The 24-hour chart illustrates a support level at 13.29, which if violated will result in even more drops to 12.65. On the upside, there is a resistance level at 14.49. A further resistance level may holdings at 15.05. The Relative Strength Index (RSI) on the 14-day chart is 67.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.47%. Stochastics %K at 75.06% indicates the stock is a holding.
How much short interest is there in NuScale Power Corporation?
A steep rise in short interest was recorded in NuScale Power Corporation stocks on 2024-09-30, growing by 1.75 million shares to a total of 21.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 19.74 million shares. There was a rise of 8.16%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 13, 2023 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $12 price target.
