Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. NuScale Power Corporation shares valued at $2,108,761 were sold by Temple Robert K on Oct 16 ’24. At $18.20 per share, Temple Robert K sold 115,866 shares. The insider’s holdings dropped to 14,054 shares worth approximately $0.27 million following the completion of this transaction.
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Also, Temple Robert K sold 12,054 shares, netting a total of over 230,734 in proceeds. Following the sale of shares at $19.14 each, the insider now holds 2,000 shares.
Before that, Temple Robert K had added 12,054 shares to its account. In a trade valued at $230,734, the Former Officer bought NuScale Power Corporation shares for $19.14 each.
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 4.08%. Over the course of the year, NuScale Power Corporation shares have jumped approximately 481.76%. Shares of the company reached a 52-week high of $22.75 on 10/30/24 and a 52-week low of $1.88 on 01/18/24. A 50-day SMA is recorded $12.39, while a 200-day SMA reached $8.31. Nevertheless, trading volume fell to 9.71 million shares from 12.8 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 18.46, which, if violated, would cause prices to drop to 17.77. In the upper region, resistance lies at 20.30. The next price resistance is at 21.45. RSI (Relative Strength Index) is 61.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.14, which suggests the price will increase in the coming days. Percent R is at 37.80%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
