Canadian Solar Inc’s recent filing unveils that its Director Wong Andrew Luen Cheung acquired Company’s shares for reported $36522.0 on Dec 16 ’24. In the deal valued at $12.69 per share,2,878 shares were bought.
Then, Wong Andrew Luen Cheung bought 3,687 shares, generating $45,608 in total proceeds.
Goldman downgraded its Canadian Solar Inc [CSIQ] rating to a Sell from a a Neutral in a research note published on December 17, 2024; the price target was decreased to $11 from $14. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in mid December with a ‘”an Outperform”‘ rating. Jefferies began covering CSIQ with “Buy” recommendation on November 22, 2024. Citigroup revised its rating on October 22, 2024. It rated CSIQ as “a Sell” which previously was an “a Neutral”.
Price Performance Review of CSIQ
On Tuesday, Canadian Solar Inc [NASDAQ:CSIQ] saw its stock jump 7.61% to $13.29. Over the last five days, the stock has gained 18.34%. Canadian Solar Inc shares have risen nearly 19.51% since the year began. Nevertheless, the stocks have fallen -44.18% over the past one year. While a 52-week high of $25.43 was reached on 01/07/25, a 52-week low of $10.60 was recorded on 01/02/25. SMA at 50 days reached $12.47, while 200 days put it at $14.85.
Levels Of Support And Resistance For CSIQ Stock
The 24-hour chart illustrates a support level at 12.61, which if violated will result in even more drops to 11.94. On the upside, there is a resistance level at 13.81. A further resistance level may holdings at 14.34. The Relative Strength Index (RSI) on the 14-day chart is 61.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.07%. Stochastics %K at 75.09% indicates the stock is a holding.
How much short interest is there in Canadian Solar Inc?
A steep rise in short interest was recorded in Canadian Solar Inc stocks on 2024-11-15, growing by 1.89 million shares to a total of 10.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 8.47 million shares. There was a rise of 18.24%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 23, 2024 when Oppenheimer resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $27.
