Canadian Solar Inc’s filing revealed 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.
Roth Capital downgraded its Canadian Solar Inc [CSIQ] rating to a Neutral from a a Buy 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 mid April from “a Sell” to “a Neutral”. Goldman also remained covering CSIQ and has decreased its forecast on December 17, 2024 with a “Sell” recommendation from previously “Neutral” rating. Mizuho started covering the stock on December 13, 2024. It rated CSIQ as “an Outperform”.
Price Performance Review of CSIQ
On Monday, Canadian Solar Inc [NASDAQ:CSIQ] saw its stock fall -3.87% to $9.18. Over the last five days, the stock has lost -6.52%. Canadian Solar Inc shares have fallen nearly -17.45% since the year began. Nevertheless, the stocks have fallen -43.85% over the past one year. While a 52-week high of $21.05 was reached on 01/07/25, a 52-week low of $6.57 was recorded on 04/09/25. SMA at 50 days reached $9.22, while 200 days put it at $12.01.
Levels Of Support And Resistance For CSIQ Stock
The 24-hour chart illustrates a support level at 8.99, which if violated will result in even more drops to 8.81. On the upside, there is a resistance level at 9.47. A further resistance level may holdings at 9.77. The Relative Strength Index (RSI) on the 14-day chart is 52.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.62%. Stochastics %K at 56.08% indicates the stock is a holding.
The most recent change occurred on November 22, 2024 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $14.15 price target.
