In a filing, First Solar Inc revealed its Chief Commercial Officer ANTOUN GEORGES unloaded Company’s shares for reported $0.42 million on Apr 04 ’24. In the deal valued at $176.00 per share,2,400 shares were sold. As a result of this transaction, ANTOUN GEORGES now holds 37,412 shares worth roughly $6.59 million.
Then, Gloeckler Markus sold 1,937 shares, generating $338,975 in total proceeds. Upon selling the shares at $175.00, the Chief Technology Officer now owns 12,536 shares.
Before that, ANTOUN GEORGES sold 2,400 shares. First Solar Inc shares valued at $407,328 were divested by the Chief Commercial Officer at a price of $169.72 per share. As a result of the transaction, ANTOUN GEORGES now holds 39,812 shares, worth roughly $7.02 million.
Wells Fargo upgraded its First Solar Inc [FSLR] rating to an Overweight from a an Equal weight in a research note published on April 19, 2024; the price target was increased to $250 from $187. A number of analysts have revised their coverage, including DZ Bank’s analysts, who began to cover the stock in mid April with a ‘”a Buy”‘ rating. Janney began covering FSLR with “Buy” recommendation on April 12, 2024. RBC Capital Mkts started covering the stock on February 14, 2024. It rated FSLR as “an Outperform”.
Price Performance Review of FSLR
On Monday, First Solar Inc [NASDAQ:FSLR] saw its stock jump 0.71% to $176.28. Over the last five days, the stock has gained 0.18%. First Solar Inc shares have risen nearly 2.32% since the year began. Nevertheless, the stocks have fallen -18.21% over the past one year. While a 52-week high of $232.00 was reached on 04/11/24, a 52-week low of $129.21 was recorded on 02/05/24. SMA at 50 days reached $161.38, while 200 days put it at $165.13. A total of 2.01 million shares were traded, compared to the trading of 3.26 million shares in the previous session.
Levels Of Support And Resistance For FSLR Stock
The 24-hour chart illustrates a support level at 171.45, which if violated will result in even more drops to 166.63. On the upside, there is a resistance level at 179.90. A further resistance level may holdings at 183.53. The Relative Strength Index (RSI) on the 14-day chart is 57.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.02%. Stochastics %K at 49.86% indicates the stock is a holding.
