Terra Innovatum Global S.R.L. (NASDAQ:NKLR) Trading Up 10.5% – Here’s What Happened

Shares of Terra Innovatum Global S.R.L. (NASDAQ:NKLR) were up 10.5% on Thursday . The company traded as high as $7.35 and last traded at $7.15. Approximately 867,472 shares were traded during trading, a decline of 10% from the average daily volume of 968,945 shares. The stock had previously closed at $6.47.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NKLR shares. Wall Street Zen downgraded Terra Innovatum Global S.R.L. to a “strong sell” rating in a research note on Sunday, December 28th. Weiss Ratings initiated coverage on shares of Terra Innovatum Global S.R.L. in a research report on Friday, December 26th. They issued a “sell (e+)” rating for the company. Finally, HC Wainwright initiated coverage on shares of Terra Innovatum Global S.R.L. in a research report on Tuesday, December 30th. They set a “buy” rating and a $25.00 price objective on the stock. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Terra Innovatum Global S.R.L. has an average rating of “Hold” and a consensus target price of $25.00.

Terra Innovatum Global S.R.L. Stock Down 0.2%

Institutional Trading of Terra Innovatum Global S.R.L.

An institutional investor recently bought a new position in Terra Innovatum Global S.R.L. stock. Occidental Asset Management LLC purchased a new position in shares of Terra Innovatum Global S.R.L. (NASDAQ:NKLR) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 38,717 shares of the company’s stock, valued at approximately $179,000. Occidental Asset Management LLC owned about 0.06% of Terra Innovatum Global S.R.L. as of its most recent SEC filing.

Terra Innovatum Global S.R.L. Company Profile

Terra Innovatum Global N.V. is a developer of micro-modular nuclear reactors. Terra Innovatum Global N.V., formerly known as GSR III Acquisition Corp., is based in NEW YORK.