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 $0.68 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 a research note from Citigroup on October 22, 2024, First Solar Inc [FSLR] has been rated up from a Neutral to a Buy and the price target has been revised to $254 from $200. Analysts at Truist started covering the stock with ‘”a Buy”‘ outlook in a report released in late September. As of August 29, 2024, William Blair has initiated its “Mkt perform” rating for FSLR. Earlier on August 14, 2024, Clarksons Platou initiated its rating. Their recommendation was “a Buy” for FSLR stock.
Analyzing FSLR Stock Performance
During the last five days, there has been a drop of approximately -3.60%. Over the course of the year, First Solar Inc shares have jumped approximately 13.79%. 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 $224.64, while a 200-day SMA reached $201.82. Nevertheless, trading volume fell to 1.86 million shares from 3.68 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 194.17, which, if violated, would cause prices to drop to 192.29. In the upper region, resistance lies at 197.08. The next price resistance is at 198.11. RSI (Relative Strength Index) is 35.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -10.91, which suggests the price will decrease in the coming days. Percent R is at 87.18%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
