NuScale Power's stock plummeted 8.09% during intraday trading on Tuesday, as heavy selling pressure hit the nuclear technology company.
The decline was primarily driven by major shareholder Fluor Corporation's aggressive stake reduction. According to regulatory filings, Fluor sold approximately 12.936 million shares on April 15 at roughly $11.63 per share, generating about $150 million in proceeds. This transaction reduced Fluor's stake from 7.8% to 3.9% in a matter of days.
This was part of a pattern of sustained selling, with Fluor having previously sold 13.5 million shares on April 9 and additional shares in February. The large-scale profit-taking by a major shareholder sent a strong signal to the market, weighing heavily on short-term sentiment despite recent positive regulatory developments for the company.
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