Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. NuScale Power Corporation shares valued at $230,734 were purchased by Temple Robert K on Oct 17 ’24. At $19.14 per share, Temple Robert K acquired 12,054 shares.
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Also, Temple Robert K purchased 115,866 shares, netting a total of over 2,108,871 in proceeds.
Before that, Temple Robert K had sold 68,558 shares from its account. In a trade valued at $892,625, the Retired traded NuScale Power Corporation shares for $13.02 each. Upon closing the transaction, the insider’s holdings decreased to 68,558 shares, worth approximately $0.25 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 50.17%. Over the course of the year, NuScale Power Corporation shares have jumped approximately 447.72%. Shares of the company reached a 52-week high of $19.74 on 10/17/24 and a 52-week low of $1.88 on 01/18/24. A 50-day SMA is recorded $10.38, while a 200-day SMA reached $7.47. Nevertheless, trading volume fell to 20.88 million shares from 40.32 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 17.15, which, if violated, would cause prices to drop to 16.29. In the upper region, resistance lies at 19.31. The next price resistance is at 20.61. RSI (Relative Strength Index) is 73.22 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.45, which suggests the price will increase in the coming days. Percent R is at 19.05%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
