NuScale Power (NYSE:SMR) Sets New 12-Month Low at $8.65

Shares of NuScale Power Co. (NYSE:SMR – Get Rating) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $8.65 and last traded at $8.78, with a volume of 151950 shares trading hands. The stock had previously closed at $9.00.

NuScale Power Price Performance

The firm has a 50-day moving average of $10.32 and a 200-day moving average of $11.15.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, General Counsel Robert K. Temple sold 39,642 shares of the business’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $10.19, for a total transaction of $403,951.98. Following the completion of the sale, the general counsel now directly owns 2,000 shares in the company, valued at approximately $20,380. The sale was disclosed in a document filed with the SEC, which is available through this link. In other NuScale Power news, Treasurer Rudy Murgo sold 20,797 shares of the business’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $10.52, for a total transaction of $218,784.44. Following the completion of the sale, the treasurer now directly owns 7,854 shares in the company, valued at approximately $82,624.08. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Robert K. Temple sold 39,642 shares of the business’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $10.19, for a total transaction of $403,951.98. Following the sale, the general counsel now owns 2,000 shares of the company’s stock, valued at $20,380. The disclosure for this sale can be found here. In the last ninety days, insiders sold 331,557 shares of company stock worth $3,424,616.

Institutional Investors Weigh In On NuScale Power

Hedge funds have recently added to or reduced their stakes in the stock. Federated Hermes Inc. purchased a new stake in NuScale Power during the 3rd quarter valued at $43,000. Amalgamated Bank increased its stake in shares of NuScale Power by 86.3% in the 3rd quarter. Amalgamated Bank now owns 4,049 shares of the company’s stock worth $47,000 after purchasing an additional 1,876 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of NuScale Power in the 2nd quarter worth $57,000. Strs Ohio increased its stake in shares of NuScale Power by 80.0% in the 3rd quarter. Strs Ohio now owns 7,200 shares of the company’s stock worth $84,000 after purchasing an additional 3,200 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of NuScale Power by 157.3% in the 4th quarter. Legal & General Group Plc now owns 7,569 shares of the company’s stock worth $78,000 after purchasing an additional 4,627 shares in the last quarter.

About NuScale Power

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NuScale Power Corporation develops and sells modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module, a water reactor that can generate 77 megawatts of electricity (MWe); The VOYGR-12 power plant that can generate 924 MWe; and four-module VOYGR-4 and six-module VOYGR-6 plants, as well as other configurations based on customer needs.