Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. First Solar Inc shares valued at $1,913,418 were sold by Buehler Patrick James on Aug 13 ’24. At $222.00 per share, Buehler Patrick James sold 8,619 shares. The insider’s holdings dropped to 3,468 shares worth approximately $0.71 million following the completion of this transaction.
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Also, Jeffers Byron Michael sold 500 shares, netting a total of over 110,000 in proceeds. Following the sale of shares at $220.00 each, the insider now holds 0 shares.
Before that, Buehler Patrick James had added 8,619 shares to its account. In a trade valued at $1,913,418, the Officer bought First Solar Inc shares for $222.00 each.
As published in their initiating research note from Truist on September 26, 2024, First Solar Inc [FSLR] has been a Buy and the price target has been revised to $300. Analysts at William Blair started covering the stock with ‘”a Mkt perform”‘ outlook in a report released in late August. As of August 14, 2024, Clarksons Platou has initiated its “Buy” rating for FSLR. Earlier on August 01, 2024, DZ Bank upgraded its rating. Their new recommendation was “a Buy” for FSLR stock which previously was a “a Hold”.
Analyzing FSLR Stock Performance
During the last five days, there has been a drop of approximately -12.79%. Over the course of the year, First Solar Inc shares have jumped approximately 19.02%. Shares of the company reached a 52-week high of $306.77 on 06/12/24 and a 52-week low of $135.88 on 02/05/24. A 50-day SMA is recorded $227.41, while a 200-day SMA reached $200.20. Nevertheless, trading volume fell to 6.78 million shares from 1.52 million shares the previous day.
Support And Resistance Levels for First Solar Inc (FSLR)
According to the 24-hour chart, there is a support level at 198.48, which, if violated, would cause prices to drop to 191.92. In the upper region, resistance lies at 216.30. The next price resistance is at 227.56. RSI (Relative Strength Index) is 32.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -18.54, which suggests the price will decrease in the coming days. Percent R is at 96.88%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
