First Solar (FSLR) : Fridays money flow data in First Solar (FSLR) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $21.29 million, whereas, $17.6 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.21, in favor of the bulls. The total money flow into the stock was $3.69 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $0.7 million. The total value of block trades done on upticks was $0.7 million. First Solar (FSLR) fell $0.26 and traded at $38.18, down -0.68% for the day, over previous days close. On a weekly basis, the shares are 1.73% over the previous weeks close.
The company Insiders own 0.4% of First Solar shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -64.76% . Institutional Investors own 57.78% of First Solar shares. During last six month period, the net percent change held by insiders has seen a change of -36.65%.
In a related news, The Securities and Exchange Commission has divulged that Bradley Alexander R., officer (Chief Financial Officer) of First Solar, Inc., had unloaded 566 shares at an average price of $43.77 in a transaction dated on August 9, 2016. The total value of the transaction was worth $24,774.
First Solar (NASDAQ:FSLR): stock was range-bound between the intraday low of $38.11 and the intraday high of $39.089 after having opened at $38.49 on Fridays session. The stock finally closed in the red at $38.49, a loss of -0.68%. The stock remained in the red for the whole trading day. The total traded volume was 2,501,218 shares. The stock failed to cross $39.089 in Fridays trading. The stocks closing price on Thursday was $38.44.
First Solar (FSLR) has been under a strong bear grip, hence the stock is down -13.33% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.22% in the past 1 week. The stock has risen by 1.73% in the past week indicating that the buyers are active at lower levels, but the stock is down -13.44% in the past 4 weeks.
First Solar, Inc. is a global provider of solar energy solutions. The Company designs, manufactures and sells photovoltaic (PV) solar modules, and also develops, designs, constructs and sells PV solar power solutions. The Company operates through two segments: components and systems. The Companys components segment involves the design, manufacture and sale of solar modules, which convert sunlight into electricity. The systems segment provides turn-key PV solar power systems or solar solutions for systems primarily using its solar modules. The Company also manufactures crystalline silicon solar modules and single-axis mounting systems with tracking capabilities. The Company offers its products and services for residential, commercial and industrial applications, including solar power system project developers, system integrators and solar plant operators, throughout the Americas, Asia, Australia, the Middle East and Africa.