NET Power (NYSE:NPWR) Shares Gap Down to $13.32

NET Power Inc. (NYSE:NPWR)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $13.32, but opened at $13.05. NET Power shares last traded at $12.35, with a volume of 33,293 shares trading hands.

NET Power Stock Performance

The business’s 50 day moving average price is $14.40.

Insider Buying and Selling at NET Power

In other NET Power news, insider Brandon Heffinger sold 76,142 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $14.31, for a total value of $1,089,592.02. Following the sale, the insider now directly owns 73,858 shares in the company, valued at $1,056,907.98. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other NET Power news, General Counsel James Mahon sold 20,000 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $15.11, for a total value of $302,200.00. Following the transaction, the general counsel now directly owns 31,394 shares in the company, valued at approximately $474,363.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brandon Heffinger sold 76,142 shares of the company’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $14.31, for a total value of $1,089,592.02. Following the completion of the transaction, the insider now owns 73,858 shares in the company, valued at $1,056,907.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 213,503 shares of company stock worth $3,148,735. Insiders own 20.00% of the company’s stock.

Hedge Funds Weigh In On NET Power

A number of institutional investors have recently made changes to their positions in NPWR. Raymond James & Associates bought a new position in NET Power during the 2nd quarter worth approximately $225,000. Raymond James Financial Services Advisors Inc. bought a new position in NET Power during the 2nd quarter worth approximately $1,504,000. Fifth Third Bancorp bought a new stake in NET Power in the 2nd quarter worth $65,000. Truist Financial Corp bought a new stake in NET Power in the 2nd quarter worth $130,000. Finally, Evercore Wealth Management LLC bought a new stake in NET Power in the 2nd quarter worth $260,000.

NET Power Company Profile

NET Power Inc operates as a clean energy technology company. It invents, develops, and licenses clean power generation technology. The company was founded in 2010 and is headquartered in Durham, North Carolina.