What's Going On With NuScale Power Stock Monday?

NuScale Power SMR shares are trading down Monday. It’s among several stocks that have experienced trading interruptions due to technical issues at the New York Stock Exchange.

What To Know: Multiple stocks trading on the NYSE experienced sudden trading halts Monday morning, triggered by a technical issue categorized under the “Limit Up/Limit Down” code, which is typically used to control excessive volatility in individual stocks.

Several companies, including NuScale, showed share price declines of more than 99% in early trading due to the technical problems. Trading has since resumed and the NYSE confirmed that it’s investigating the reported technical issues, adding that additional information will follow as soon as possible.

Related Link: Berkshire Hathaway, Chipotle, More NYSE Stocks Hit With Trading Halts Triggered By Technical Issues

The incident has generated significant attention, with NuScale Power and other affected stocks trending across various social media platforms. NuScale has been among the top trending tickers on Stocktwits for a majority of the day.

NuScale’s average session volume is about 6 million, according to data from Benzinga Pro. Monday’s trading volumes has already exceeded 7.5 million at the time of writing.

NuScale is a provider of proprietary advanced small modular reactor (SMR) nuclear technology, with a mission to help power the global energy transition by delivering safe, scalable and reliable carbon-free energy. 

SMR Price Action: NuScale Power shares were down by 9.34% at $7.92 at the time of writing, according to Benzinga Pro.

See Also: MicroStrategy And Michael Saylor Settle $40 Million Tax Fraud Lawsuit

Image: Courtesy of NuScale Power.