Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Complete Solaria Inc. shares valued at $27,177 were sold by Gishen Adam on Aug 19 ’24. At $1.75 per share, Gishen Adam sold 15,526 shares. The insider’s holdings dropped to 337,742 shares worth approximately $0.7 million following the completion of this transaction.
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Also, Thiam Tidjane sold 30,000 shares, netting a total of over 47,700 in proceeds. Following the sale of shares at $1.59 each, the insider now holds 158,624 shares.
Before that, Carlyle Group Inc. had sold 35,143 shares from its account. In a trade valued at $49,200, the 10% Owner traded Complete Solaria Inc. shares for $1.40 each. Upon closing the transaction, the insider’s holdings decreased to 35,143 shares, worth approximately $10.19 million.
As published in their initiating research note from Cantor Fitzgerald on January 08, 2024, Complete Solaria Inc. [CSLR] has been an Overweight and the price target has been revised to $6.
Analyzing CSLR Stock Performance
During the last five days, there has been a surge of approximately 19.54%. Over the course of the year, Complete Solaria Inc. shares have jumped approximately 29.60%. Shares of the company reached a 52-week high of $2.3500 on 07/01/24 and a 52-week low of $0.2000 on 04/15/24. A 50-day SMA is recorded $1.6000, while a 200-day SMA reached $1.2300. Nevertheless, trading volume fell to 0.63 million shares from 0.23 million shares the previous day.
Support And Resistance Levels for Complete Solaria Inc. (CSLR)
According to the 24-hour chart, there is a support level at 1.9200, which, if violated, would cause prices to drop to 1.7500. In the upper region, resistance lies at 2.2000. The next price resistance is at 2.3100. RSI (Relative Strength Index) is 70.50 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0800, which suggests the price will decrease in the coming days. Percent R is at 14.58%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
