The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. NuScale Power Corporation shares valued at $527,394 were sold by Engel Jacqueline F. on Nov 29 ’24. At $29.00 per share, Engel Jacqueline F. sold 18,186 shares. The insider’s holdings dropped to 3,801 shares worth approximately $94454.85 following the completion of this transaction.
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Also, Engel Jacqueline F. purchased 18,186 shares, netting a total of over 527,394 in proceeds.
Before that, Temple Robert K had sold 115,866 shares from its account. In a trade valued at $2,108,761, the Retired traded NuScale Power Corporation shares for $18.20 each. Upon closing the transaction, the insider’s holdings decreased to 115,866 shares, worth approximately $0.35 million.
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 drop of approximately -5.66%. Over the course of the year, NuScale Power Corporation shares have jumped approximately 655.32%. Shares of the company reached a 52-week high of $32.30 on 11/29/24 and a 52-week low of $1.88 on 01/18/24. A 50-day SMA is recorded $19.75, while a 200-day SMA reached $10.85. Nevertheless, trading volume fell to 8.98 million shares from 8.65 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 23.86, which, if violated, would cause prices to drop to 22.86. In the upper region, resistance lies at 26.35. The next price resistance is at 27.84. RSI (Relative Strength Index) is 52.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.11, which suggests the price will decrease in the coming days. Percent R is at 75.34%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
