The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. First Solar Inc shares valued at $714,871 were purchased by Gloeckler Markus on Oct 31 ’24. At $198.52 per share, Gloeckler Markus acquired 3,601 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Buehler Patrick James sold 8,619 shares, netting a total of over 1,913,418 in proceeds. Following the sale of shares at $222.00 each, the insider now holds 3,468 shares.
Before that, Jeffers Byron Michael had sold 500 shares from its account. In a trade valued at $110,000, the VP – Global Controller and CAO traded First Solar Inc shares for $220.00 each. Upon closing the transaction, the insider’s holdings decreased to 500 shares, worth approximately $0.0.
As published in a research note from Janney on October 29, 2024, First Solar Inc [FSLR] has been rated up from a Neutral to a Buy and the price target has been revised to $260. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late October. As of September 26, 2024, Truist has initiated its “Buy” rating for FSLR. Earlier on August 29, 2024, William Blair initiated its rating. Their recommendation was “a Mkt perform” for FSLR stock.
Analyzing FSLR Stock Performance
During the last five days, there has been a drop of approximately -0.80%. Over the course of the year, First Solar Inc shares have jumped approximately 12.89%. 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 $222.02, while a 200-day SMA reached $202.90. Nevertheless, trading volume fell to 2.77 million shares from 7.08 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 191.65, which, if violated, would cause prices to drop to 188.83. In the upper region, resistance lies at 199.82. The next price resistance is at 205.17. RSI (Relative Strength Index) is 37.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.98, which suggests the price will decrease in the coming days. Percent R is at 64.01%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
