In a filing, First Solar Inc revealed its Chief Technology Officer Gloeckler Markus unloaded Company’s shares for reported $0.71 million on Oct 31 ’24. In the deal valued at $198.52 per share,3,601 shares were sold. As a result of this transaction, Gloeckler Markus now holds 8,935 shares worth roughly $1.9 million.
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Then, Gloeckler Markus bought 3,601 shares, generating $714,871 in total proceeds.
Before that, Buehler Patrick James sold 8,619 shares. First Solar Inc shares valued at $1,913,418 were divested by the Chief Product Officer at a price of $222.00 per share. As a result of the transaction, Buehler Patrick James now holds 3,468 shares, worth roughly $0.74 million.
Janney upgraded its First Solar Inc [FSLR] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in late October from “a Neutral” to “a Buy”. Truist began covering FSLR with “Buy” recommendation on September 26, 2024. William Blair started covering the stock on August 29, 2024. It rated FSLR as “a Mkt perform”.
Price Performance Review of FSLR
On Monday, First Solar Inc [NASDAQ:FSLR] saw its stock jump 3.58% to $212.28. Over the last five days, the stock has gained 3.54%. First Solar Inc shares have risen nearly 23.22% since the year began. Nevertheless, the stocks have risen 43.83% 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 $221.38, while 200 days put it at $203.52.
Levels Of Support And Resistance For FSLR Stock
The 24-hour chart illustrates a support level at 207.39, which if violated will result in even more drops to 202.49. On the upside, there is a resistance level at 219.19. A further resistance level may holdings at 226.09. The Relative Strength Index (RSI) on the 14-day chart is 51.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.33, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.77%. Stochastics %K at 66.40% 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.
The most recent change occurred on August 14, 2024 when Clarksons Platou began covering the stock and recommended ‘”a Buy”‘ rating along with a $270 price target.
