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Selling Buzz: NuScale Power Corporation [SMR] Chief Financial Officer Hamady Robert Ramsey sells 28,840 shares of the company

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. NuScale Power Corporation shares valued at $665,627 were sold by Hamady Robert Ramsey on Dec 12 ’24. At $23.08 per share, Hamady Robert Ramsey sold 28,840 shares. The insider’s holdings dropped to 28,841 shares worth approximately $0.61 million following the completion of this transaction.

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Also, Hamady Robert Ramsey purchased 28,840 shares, netting a total of over 665,627 in proceeds.

Before that, Engel Jacqueline F. had sold 1,007 shares from its account. In a trade valued at $26,675, the Interim VP, Accounting traded NuScale Power Corporation shares for $26.49 each. Upon closing the transaction, the insider’s holdings decreased to 1,007 shares, worth approximately $58701.94.

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 -3.59%. Over the course of the year, NuScale Power Corporation shares have jumped approximately 536.17%. 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 $22.34, while a 200-day SMA reached $12.11. Nevertheless, trading volume fell to 5.32 million shares from 5.33 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 19.56, which, if violated, would cause prices to drop to 18.12. In the upper region, resistance lies at 21.75. The next price resistance is at 22.50. RSI (Relative Strength Index) is 45.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.50, which suggests the price will decrease in the coming days. Percent R is at 66.13%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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