Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. First Solar Inc shares valued at $714,871 were sold by Gloeckler Markus on Oct 31 ’24. At $198.52 per share, Gloeckler Markus sold 3,601 shares. The insider’s holdings dropped to 8,935 shares worth approximately $1.63 million following the completion of this transaction.
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Also, Gloeckler Markus purchased 3,601 shares, netting a total of over 714,871 in proceeds.
Before that, Buehler Patrick James had sold 8,619 shares from its account. In a trade valued at $1,913,418, the Chief Product Officer traded First Solar Inc shares for $222.00 each. Upon closing the transaction, the insider’s holdings decreased to 8,619 shares, worth approximately $0.63 million.
As published in their initiating research note from Seaport Research Partners on November 05, 2024, First Solar Inc [FSLR] has been a Neutral. Analysts at Janney upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late October. As of October 22, 2024, Citigroup has increased its “Neutral” rating to a “Buy” for FSLR. Earlier on September 26, 2024, Truist 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 -6.76%. Over the course of the year, First Solar Inc shares have jumped approximately 5.61%. 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 $213.49, while a 200-day SMA reached $206.45. Nevertheless, trading volume fell to 2.1 million shares from 2.51 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 179.78, which, if violated, would cause prices to drop to 177.60. In the upper region, resistance lies at 186.18. The next price resistance is at 190.40. RSI (Relative Strength Index) is 39.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.59, which suggests the price will decrease in the coming days. Percent R is at 82.06%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
