Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. NET Power Inc shares valued at $5,499,244 were sold by NPEH, LLC on Nov 22 ’24. At $12.76 per share, NPEH, LLC sold 431,009 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, 8 Rivers Capital, LLC sold 431,009 shares, netting a total of over 5,499,244 in proceeds. Following the sale of shares at $12.76 each, the insider now holds 0 shares.
Before that, PATEL AKASH S. had sold 150,000 shares from its account. In a trade valued at $1,897,170, the Chief Financial Officer traded NET Power Inc shares for $12.65 each. Upon closing the transaction, the insider’s holdings decreased to 150,000 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 -12.97%. Over the course of the year, NET Power Inc shares have dropped approximately -10.30%. 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 $10.14, while a 200-day SMA reached $9.61. Nevertheless, trading volume fell to 0.71 million shares from 0.35 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 8.78, which, if violated, would cause prices to drop to 8.50. In the upper region, resistance lies at 9.52. The next price resistance is at 9.98. RSI (Relative Strength Index) is 34.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.12, which suggests the price will decrease in the coming days. Percent R is at 97.47%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
