The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. First Solar Inc shares valued at $422,400 were sold by ANTOUN GEORGES on Apr 04 ’24. At $176.00 per share, ANTOUN GEORGES sold 2,400 shares. The insider’s holdings dropped to 37,412 shares worth approximately $6.52 million following the completion of this transaction.
Also, Gloeckler Markus sold 1,937 shares, netting a total of over 338,975 in proceeds. Following the sale of shares at $175.00 each, the insider now holds 12,536 shares.
Before that, ANTOUN GEORGES had sold 2,400 shares from its account. In a trade valued at $407,328, the Chief Commercial Officer traded First Solar Inc shares for $169.72 each. Upon closing the transaction, the insider’s holdings decreased to 2,400 shares, worth approximately $6.94 million.
As published in their initiating research note from DZ Bank on April 17, 2024, First Solar Inc [FSLR] has been a Buy. Analysts at Janney started covering the stock with ‘”a Buy”‘ outlook in a report released in mid April. As of February 14, 2024, RBC Capital Mkts has initiated its “an Outperform” rating for FSLR. Earlier on January 08, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for FSLR stock which previously was a “an Overweight”.
Analyzing FSLR Stock Performance
During the last five days, there has been a drop of approximately -5.50%. Over the course of the year, First Solar Inc shares have jumped approximately 1.17%. Shares of the company reached a 52-week high of $188.32 on 04/11/24 and a 52-week low of $135.88 on 02/05/24. A 50-day SMA is recorded $160.12, while a 200-day SMA reached $165.23. Nevertheless, trading volume fell to 1.6 million shares from 3.34 million shares the previous day.
Support And Resistance Levels for First Solar Inc (FSLR)
According to the 24-hour chart, there is a support level at 171.96, which, if violated, would cause prices to drop to 169.64. In the upper region, resistance lies at 177.84. The next price resistance is at 181.40. RSI (Relative Strength Index) is 55.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.25, which suggests the price will decrease in the coming days. Percent R is at 53.63%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
