Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. NET Power Inc shares valued at $11,457,218 were purchased by 8 Rivers Capital, LLC on Nov 19 ’24. At $9.09 per share, 8 Rivers Capital, LLC acquired 1,260,420 shares.
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Also, NPEH, LLC sold 517,618 shares, netting a total of over 3,685,595 in proceeds. Following the sale of shares at $7.12 each, the insider now holds 199,369 shares.
Before that, NPEH, LLC had sold 199,369 shares from its account. In a trade valued at $1,460,737, the 10% Owner traded NET Power Inc shares for $7.33 each. Upon closing the transaction, the insider’s holdings decreased to 199,369 shares, worth approximately $0.0.
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 drop of approximately -2.18%. Over the course of the year, NET Power Inc shares have jumped approximately 24.36%. Shares of the company reached a 52-week high of $14.28 on 11/14/24 and a 52-week low of $6.57 on 09/10/24. A 50-day SMA is recorded $8.45, while a 200-day SMA reached $9.30. Nevertheless, trading volume fell to 0.94 million shares from 0.71 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 12.26, which, if violated, would cause prices to drop to 11.95. In the upper region, resistance lies at 12.89. The next price resistance is at 13.21. RSI (Relative Strength Index) is 70.57 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.87, which suggests the price will increase in the coming days. Percent R is at 29.27%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
