First Solar Inc’s recent filing unveils that its Chief Product Officer Buehler Patrick James unloaded Company’s shares for reported $1.91 million on Aug 13 ’24. In the deal valued at $222.00 per share,8,619 shares were sold. As a result of this transaction, Buehler Patrick James now holds 3,468 shares worth roughly $0.8 million.
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Then, Jeffers Byron Michael sold 500 shares, generating $110,000 in total proceeds. Upon selling the shares at $220.00, the VP – Global Controller and CAO now owns 0 shares.
Before that, Buehler Patrick James bought 8,619 shares. First Solar Inc shares valued at $1,913,418 were divested by the Officer at a price of $222.00 per share.
Truist initiated its First Solar Inc [FSLR] rating to a Buy in a research note published on September 26, 2024; the price target was $300. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in late August with a ‘”a Mkt perform”‘ rating. Clarksons Platou began covering FSLR with “Buy” recommendation on August 14, 2024. DZ Bank revised its rating on August 01, 2024. It rated FSLR as “a Buy” which previously was an “a Hold”.
Price Performance Review of FSLR
On Monday, First Solar Inc [NASDAQ:FSLR] saw its stock fall -0.65% to $229.62. Over the last five days, the stock has lost -7.95%. First Solar Inc shares have risen nearly 33.28% since the year began. Nevertheless, the stocks have risen 57.98% over the past one year. While a 52-week high of $306.77 was reached on 06/12/24, a 52-week low of $129.21 was recorded on 02/05/24. SMA at 50 days reached $227.23, while 200 days put it at $199.44.
Levels Of Support And Resistance For FSLR Stock
The 24-hour chart illustrates a support level at 226.90, which if violated will result in even more drops to 224.17. On the upside, there is a resistance level at 231.75. A further resistance level may holdings at 233.87. The Relative Strength Index (RSI) on the 14-day chart is 45.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.19%. Stochastics %K at 16.36% indicates the stock is a buying.
How much short interest is there in First Solar Inc?
A steep rise in short interest was recorded in First Solar Inc stocks on 2024-09-13, growing by 0.44 million shares to a total of 4.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.33 million shares. There was a rise of 9.13%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 28, 2024 when Deutsche Bank resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $280.
