Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. NuScale Power Corporation shares valued at $357,453 were sold by Engel Jacqueline F. on Mar 04 ’25. At $14.52 per share, Engel Jacqueline F. sold 24,618 shares. The insider’s holdings dropped to 1,149 shares worth approximately $18326.55 following the completion of this transaction.
Also, Scott Clayton sold 14,535 shares, netting a total of over 239,043 in proceeds. Following the sale of shares at $16.45 each, the insider now holds 74,109 shares.
Before that, Hopkins John Lawrence had sold 66,502 shares from its account. In a trade valued at $1,093,692, the Chief Executive Officer traded NuScale Power Corporation shares for $16.45 each. Upon closing the transaction, the insider’s holdings decreased to 66,502 shares, worth approximately $1.78 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 -4.55%. Over the course of the year, NuScale Power Corporation shares have dropped approximately -11.04%. Shares of the company reached a 52-week high of $29.66 on 01/23/25 and a 52-week low of $14.44 on 03/04/25. A 50-day SMA is recorded $21.33, while a 200-day SMA reached $15.78.
Support And Resistance Levels for NuScale Power Corporation (SMR)
According to the 24-hour chart, there is a support level at 15.36, which, if violated, would cause prices to drop to 14.76. In the upper region, resistance lies at 16.77. The next price resistance is at 17.58. RSI (Relative Strength Index) is 36.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.73, which suggests the price will decrease in the coming days. Percent R is at 86.06%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
