NET Power Inc’s filing revealed that its Officer AKASH PATEL acquired Company’s shares for reported $1.88 million on Nov 22 ’24. In the deal valued at $12.55 per share,150,000 shares were bought.
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Then, 8 Rivers Capital, LLC sold 509,040 shares, generating $6,473,105 in total proceeds. Upon selling the shares at $12.72, the 10% Owner now owns 431,009 shares.
Before that, 8 Rivers Capital, LLC sold 320,371 shares. NET Power Inc shares valued at $4,035,649 were divested by the 10% Owner at a price of $12.60 per share. As a result of the transaction, 8 Rivers Capital, LLC now holds 940,049 shares, worth roughly $11.88 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 Friday, NET Power Inc [NYSE:NPWR] saw its stock jump 0.72% to $12.64. Over the last five days, the stock has lost -0.24%. NET Power Inc shares have risen nearly 25.15% since the year began. Nevertheless, the stocks have risen 18.91% over the past one year. While a 52-week high of $14.28 was reached on 11/14/24, a 52-week low of $6.57 was recorded on 09/10/24. SMA at 50 days reached $8.66, while 200 days put it at $9.35.
Levels Of Support And Resistance For NPWR Stock
The 24-hour chart illustrates a support level at 12.16, which if violated will result in even more drops to 11.68. On the upside, there is a resistance level at 13.29. A further resistance level may holdings at 13.94. The Relative Strength Index (RSI) on the 14-day chart is 70.93, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.27, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.01%. Stochastics %K at 71.09% 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 2024-10-31, dropping by -0.37 million shares to a total of 2.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.07 million shares. There was a decline of -13.64%, which implies that there is a negative sentiment for the stock.
