NuScale Power Corporation’s filing revealed that its Retired Temple Robert K unloaded Company’s shares for reported $2.11 million on Oct 16 ’24. In the deal valued at $18.20 per share,115,866 shares were sold. As a result of this transaction, Temple Robert K now holds 14,054 shares worth roughly $0.31 million.
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Then, Temple Robert K sold 12,054 shares, generating $230,734 in total proceeds. Upon selling the shares at $19.14, the Retired now owns 2,000 shares.
Before that, Temple Robert K bought 12,054 shares. NuScale Power Corporation shares valued at $230,734 were divested by the Former Officer at a price of $19.14 per share.
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 19.50% to $22.00. Over the last five days, the stock has gained 16.03%. NuScale Power Corporation shares have risen nearly 568.69% since the year began. Nevertheless, the stocks have risen 521.47% over the past one year. While a 52-week high of $20.35 was reached on 10/28/24, a 52-week low of $1.81 was recorded on 01/18/24. SMA at 50 days reached $11.70, while 200 days put it at $8.04.
Levels Of Support And Resistance For SMR Stock
The 24-hour chart illustrates a support level at 19.71, which if violated will result in even more drops to 17.43. On the upside, there is a resistance level at 23.26. A further resistance level may holdings at 24.53. The Relative Strength Index (RSI) on the 14-day chart is 76.59, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.98, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.19%. Stochastics %K at 84.97% indicates the stock is a selling.
How much short interest is there in NuScale Power Corporation?
A steep rise in short interest was recorded in NuScale Power Corporation stocks on 2024-10-15, dropping by -0.12 million shares to a total of 19.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 20.0 million shares. There was a decline of -0.58%, which implies that there is a negative 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.
