In a filing, Canadian Solar Inc revealed its Director Wong Andrew Luen Cheung acquired Company’s shares for reported $45608.0 on Sep 11 ’24. In the deal valued at $12.37 per share,3,687 shares were bought.
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Oppenheimer reiterated its Canadian Solar Inc [CSIQ] rating to an Outperform in a research note published on August 23, 2024; the price target was $27. A number of analysts have revised their coverage, including Daiwa Securities’s analysts, who began to cover the stock in mid March with a ‘”a Neutral”‘ rating. Goldman also remained covering CSIQ and has increased its forecast on December 18, 2023 with a “Neutral” recommendation from previously “Sell” rating. JP Morgan revised its rating on November 15, 2023. It rated CSIQ as “an Underweight” which previously was an “a Neutral”.
Price Performance Review of CSIQ
On Tuesday, Canadian Solar Inc [NASDAQ:CSIQ] saw its stock fall -5.54% to $12.61. Over the last five days, the stock has lost -19.32%. Canadian Solar Inc shares have fallen nearly -51.93% since the year began. Nevertheless, the stocks have fallen -43.50% over the past one year. While a 52-week high of $26.85 was reached on 01/02/24, a 52-week low of $11.41 was recorded on 09/10/24. SMA at 50 days reached $14.03, while 200 days put it at $17.53.
Levels Of Support And Resistance For CSIQ Stock
The 24-hour chart illustrates a support level at 12.39, which if violated will result in even more drops to 12.16. On the upside, there is a resistance level at 13.03. A further resistance level may holdings at 13.44. The Relative Strength Index (RSI) on the 14-day chart is 39.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.57%. Stochastics %K at 3.32% indicates the stock is a buying.
How much short interest is there in Canadian Solar Inc?
A steep rise in short interest was recorded in Canadian Solar Inc stocks on 2024-09-30, growing by 0.36 million shares to a total of 8.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 7.83 million shares. There was a rise of 4.43%, which implies that there is a positive sentiment for the stock.
