In a filing, NuScale Power Corporation revealed its Chief Executive Officer Hopkins John Lawrence unloaded Company’s shares for reported $11.99 million on Jan 02 ’25. In the deal valued at $18.04 per share,664,568 shares were sold. As a result of this transaction, Hopkins John Lawrence now holds 34,675 shares worth roughly $0.7 million.
Then, Hopkins John Lawrence bought 664,568 shares, generating $12,341,028 in total proceeds.
Before that, Hamady Robert Ramsey sold 28,840 shares. NuScale Power Corporation shares valued at $665,627 were divested by the Chief Financial Officer at a price of $23.08 per share. As a result of the transaction, Hamady Robert Ramsey now holds 28,841 shares, worth roughly $0.58 million.
Craig Hallum initiated its NuScale Power Corporation [SMR] rating to a Buy in a research note published on September 26, 2024; the price target was $16. A number of analysts have revised their coverage, including CLSA’s analysts, who began to cover the stock in mid September with a ‘”an Outperform”‘ rating. Wells Fargo also remained covering SMR and has decreased its forecast on March 19, 2024 with a “an Underweight” recommendation from previously “an Equal weight” rating. Canaccord Genuity started covering the stock on January 29, 2024. It rated SMR as “a Buy”.
Price Performance Review of SMR
On Friday, NuScale Power Corporation [NYSE:SMR] saw its stock jump 2.29% to $20.13. Over the last five days, the stock has gained 13.66%. NuScale Power Corporation shares have risen nearly 12.27% since the year began. Nevertheless, the stocks have risen 714.98% over the past one year. While a 52-week high of $32.30 was reached on 01/06/25, a 52-week low of $1.88 was recorded on 01/02/25. SMA at 50 days reached $22.73, while 200 days put it at $12.81.
Levels Of Support And Resistance For SMR Stock
The 24-hour chart illustrates a support level at 19.18, which if violated will result in even more drops to 18.22. On the upside, there is a resistance level at 20.67. A further resistance level may holdings at 21.21. The Relative Strength Index (RSI) on the 14-day chart is 46.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.70%. Stochastics %K at 37.94% indicates the stock is a holding.
How much short interest is there in NuScale Power Corporation?
A steep rise in short interest was recorded in NuScale Power Corporation stocks on 2024-12-13, dropping by -4.34 million shares to a total of 17.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 22.25 million shares. There was a decline of -24.26%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 13, 2023 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $12 price target.
