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First Solar Inc (FSLR) may enjoy gains as insiders got busy in the recent days

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First Solar Inc’s recent filing unveils that its Director Chapman Richard D unloaded Company’s shares for reported $0.76 million on May 09 ’24. In the deal valued at $190.90 per share,3,985 shares were sold. As a result of this transaction, Chapman Richard D now holds 17,704 shares worth roughly $3.36 million.

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Then, Chapman Richard D sold 3,165 shares, generating $602,877 in total proceeds. Upon selling the shares at $190.48, the Director now owns 1,045 shares.

Before that, KENNEDY R CRAIG sold 2,000 shares. First Solar Inc shares valued at $393,456 were divested by the Director at a price of $196.73 per share. As a result of the transaction, KENNEDY R CRAIG now holds 13,908 shares, worth roughly $2.64 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 fall -0.79% to $189.54. Over the last five days, the stock has lost -2.20%. First Solar Inc shares have risen nearly 10.02% since the year began. Nevertheless, the stocks have risen 3.47% over the past one year. While a 52-week high of $232.00 was reached on 05/10/24, a 52-week low of $129.21 was recorded on 02/05/24. SMA at 50 days reached $171.25, while 200 days put it at $164.24. A total of 1.97 million shares were traded, compared to the trading of 1.78 million shares in the previous session.

Levels Of Support And Resistance For FSLR Stock

The 24-hour chart illustrates a support level at 187.18, which if violated will result in even more drops to 184.82. On the upside, there is a resistance level at 193.09. A further resistance level may holdings at 196.65. The Relative Strength Index (RSI) on the 14-day chart is 60.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 33.50%. Stochastics %K at 74.11% 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.

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