NuScale Power Corp's stock experienced a significant plummet of 5.11% in Tuesday's intraday trading session, on the heels of its CEO's substantial insider selling activity.
According to regulatory filings, NuScale Power's CEO, John Lawrence Hopkins, engaged in a transaction on January 2nd, 2025. He exercised options to acquire 664,568 shares and subsequently sold the same number of shares at a weighted average price of approximately $18.04.
Insider selling, particularly by top executives, is often viewed as a bearish signal by investors, as it may indicate a lack of confidence in the company's future prospects. The CEO's sizable sale appears to have weighed heavily on NuScale Power's stock, contributing to the substantial intraday decline.
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