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 $0.71 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.
Citigroup upgraded its First Solar Inc [FSLR] rating to a Buy from a a Neutral in a research note published on October 22, 2024; the price target was increased to $254 from $200. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating. William Blair began covering FSLR with “Mkt perform” recommendation on August 29, 2024. Clarksons Platou started covering the stock on August 14, 2024. It rated FSLR as “a Buy”.
Price Performance Review of FSLR
On Monday, First Solar Inc [NASDAQ:FSLR] saw its stock jump 3.31% to $205.03. Over the last five days, the stock has gained 4.47%. First Solar Inc shares have risen nearly 19.01% since the year began. Nevertheless, the stocks have risen 35.65% 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 $223.61, while 200 days put it at $202.22.
Levels Of Support And Resistance For FSLR Stock
The 24-hour chart illustrates a support level at 201.21, which if violated will result in even more drops to 197.40. On the upside, there is a resistance level at 207.38. A further resistance level may holdings at 209.74. The Relative Strength Index (RSI) on the 14-day chart is 43.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.76%. Stochastics %K at 22.95% indicates the stock is a holding.
How much short interest is there in First Solar Inc?
A steep rise in short interest was recorded in First Solar Inc stocks on 2024-10-15, growing by 0.23 million shares to a total of 5.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.77 million shares. There was a rise of 4.62%, which implies that there is a positive sentiment for the stock.
