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Potential Price Increase for Complete Solaria Inc. (CSLR) After Recent Insider Activity

Complete Solaria Inc.’s recently made public that its 10% Owner Carlyle Group Inc. unloaded Company’s shares for reported $0.6 million on Oct 16 ’24. In the deal valued at $2.20 per share,275,000 shares were sold. As a result of this transaction, Carlyle Group Inc. now holds 2,405,461 shares worth roughly $5.63 million.

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Then, Carlyle Group Inc. sold 225,000 shares, generating $475,920 in total proceeds. Upon selling the shares at $2.12, the 10% Owner now owns 2,680,461 shares.

Before that, CRSEF Solis Holdings, L.L.C. sold 275,000 shares. Complete Solaria Inc. shares valued at $603,790 were divested by the 10% Owner at a price of $2.20 per share. As a result of the transaction, CRSEF Solis Holdings, L.L.C. now holds 2,405,461 shares, worth roughly $5.63 million.

Cantor Fitzgerald initiated its Complete Solaria Inc. [CSLR] rating to an Overweight in a research note published on January 08, 2024; the price target was $6.

Price Performance Review of CSLR

On Friday, Complete Solaria Inc. [NASDAQ:CSLR] saw its stock fall -1.27% to $2.34. Complete Solaria Inc. shares have risen nearly 45.79% since the year began. Nevertheless, the stocks have risen 63.64% over the past one year. While a 52-week high of $3.37 was reached on 09/25/24, a 52-week low of $0.20 was recorded on 04/15/24. SMA at 50 days reached $2.18, while 200 days put it at $1.38.

Levels Of Support And Resistance For CSLR Stock

The 24-hour chart illustrates a support level at 2.23, which if violated will result in even more drops to 2.13. On the upside, there is a resistance level at 2.46. A further resistance level may holdings at 2.59. The Relative Strength Index (RSI) on the 14-day chart is 49.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.73%. Stochastics %K at 31.37% indicates the stock is a holding.

How much short interest is there in Complete Solaria Inc.?

A steep rise in short interest was recorded in Complete Solaria Inc. stocks on 2024-09-30, growing by 86239.0 shares to a total of 0.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 0.77 million shares. There was a rise of 10.12%, which implies that there is a positive sentiment for the stock.

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