NET Power Inc’s recent filing unveils that its 10% Owner NPEH, LLC unloaded Company’s shares for reported $3.69 million on Oct 16 ’24. In the deal valued at $7.12 per share,517,618 shares were sold. As a result of this transaction, NPEH, LLC now holds 199,369 shares worth roughly $2.26 million.
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Then, NPEH, LLC sold 199,369 shares, generating $1,460,737 in total proceeds. Upon selling the shares at $7.33, the 10% Owner now owns 0 shares.
Before that, 8 Rivers Capital, LLC sold 517,618 shares. NET Power Inc shares valued at $3,685,595 were divested by the 10% Owner at a price of $7.12 per share. As a result of the transaction, 8 Rivers Capital, LLC now holds 199,369 shares, worth roughly $2.26 million.
Barclays initiated its NET Power Inc [NPWR] rating to an Equal weight in a research note published on April 10, 2024; the price target was $13. A number of analysts have revised their coverage, including Janney’s analysts, who began to cover the stock in mid July with a ‘”a Buy”‘ rating. Citigroup began covering NPWR with “Neutral” recommendation on July 05, 2023. CapitalOne started covering the stock on June 29, 2023. It rated NPWR as “an Overweight”.
Price Performance Review of NPWR
On Tuesday, NET Power Inc [NYSE:NPWR] saw its stock jump 24.64% to $11.33. Over the last five days, the stock has gained 23.56%. NET Power Inc shares have risen nearly 12.18% since the year began. Nevertheless, the stocks have fallen -14.68% over the past one year. While a 52-week high of $13.49 was reached on 05/15/24, a 52-week low of $6.57 was recorded on 09/10/24. SMA at 50 days reached $7.82, while 200 days put it at $9.19.
Levels Of Support And Resistance For NPWR Stock
The 24-hour chart illustrates a support level at 9.48, which if violated will result in even more drops to 7.62. On the upside, there is a resistance level at 12.34. A further resistance level may holdings at 13.35. The Relative Strength Index (RSI) on the 14-day chart is 74.81, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.35%. Stochastics %K at 71.16% indicates the stock is a holding.
How much short interest is there in NET Power Inc?
A steep rise in short interest was recorded in NET Power Inc stocks on 2024-10-15, dropping by -0.14 million shares to a total of 2.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.92 million shares. There was a decline of -5.11%, which implies that there is a negative sentiment for the stock.
