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. NET Power Inc shares valued at $851,725 were sold by NPEH, LLC on Oct 09 ’24. At $6.95 per share, NPEH, LLC sold 122,591 shares. The insider’s holdings dropped to 837,487 shares worth approximately $5.99 million following the completion of this transaction.
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, NPEH, LLC sold 120,500 shares, netting a total of over 833,414 in proceeds. Following the sale of shares at $6.92 each, the insider now holds 716,987 shares.
Before that, 8 Rivers Capital, LLC had sold 122,591 shares from its account. In a trade valued at $851,725, the 10% Owner traded NET Power Inc shares for $6.95 each. Upon closing the transaction, the insider’s holdings decreased to 122,591 shares, worth approximately $5.99 million.
As published in their initiating research note from Barclays on April 10, 2024, NET Power Inc [NPWR] has been an Equal weight and the price target has been revised to $13. Analysts at Janney started covering the stock with ‘”a Buy”‘ outlook in a report released in mid July. As of July 05, 2023, Citigroup has initiated its “Neutral” rating for NPWR. Earlier on June 29, 2023, CapitalOne initiated its rating. Their recommendation was “an Overweight” for NPWR stock.
Analyzing NPWR Stock Performance
During the last five days, there has been a surge of approximately 4.99%. Over the course of the year, NET Power Inc shares have dropped approximately -29.21%. Shares of the company reached a 52-week high of $12.12 on 05/15/24 and a 52-week low of $6.57 on 09/10/24. A 50-day SMA is recorded $7.56, while a 200-day SMA reached $9.20. Nevertheless, trading volume fell to 0.89 million shares from 0.23 million shares the previous day.
Support And Resistance Levels for NET Power Inc (NPWR)
According to the 24-hour chart, there is a support level at 6.78, which, if violated, would cause prices to drop to 6.41. In the upper region, resistance lies at 7.35. The next price resistance is at 7.55. RSI (Relative Strength Index) is 50.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.04, which suggests the price will decrease in the coming days. Percent R is at 21.92%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
