First Solar Inc’s filing revealed that 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 $6.77 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 $7.2 million.
Evercore ISI upgraded its First Solar Inc [FSLR] rating to an Outperform from a an In-line in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in mid April from “an Equal weight” to “an Overweight”. DZ Bank began covering FSLR with “Buy” recommendation on April 17, 2024. Janney started covering the stock on April 12, 2024. It rated FSLR as “a Buy”.
Price Performance Review of FSLR
On Monday, First Solar Inc [NASDAQ:FSLR] saw its stock jump 1.17% to $180.83. Over the last five days, the stock has gained 2.58%. First Solar Inc shares have risen nearly 4.96% since the year began. Nevertheless, the stocks have fallen -9.96% 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 $163.64, while 200 days put it at $164.79. A total of 1.31 million shares were traded, compared to the trading of 1.34 million shares in the previous session.
Levels Of Support And Resistance For FSLR Stock
The 24-hour chart illustrates a support level at 178.34, which if violated will result in even more drops to 175.86. On the upside, there is a resistance level at 182.87. A further resistance level may holdings at 184.92. The Relative Strength Index (RSI) on the 14-day chart is 60.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.45%. Stochastics %K at 43.96% indicates the stock is a holding.
The most recent change occurred on February 14, 2024 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $195 price target.
