Large Outflow of Money Witnessed in First Solar

First Solar (FSLR) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($8.78 million) and the uptick to downtick ratio was 0.74. The transaction value on upticks was $25.08 million and on downticks, the transaction value was $33.86 million. In block trades, the transaction value of inflow done during uptick was $1.63 million. The transaction value of block trades during downticks was $11.69 million. The uptick to downtick block trade ratio was 0.14. The money flow was negative ($10.05 million), indicating the traders were booking profit on the price strength. First Solar (FSLR) rose $0.89 at $46.49, during intraday Tuesday , a rise of 1.95% over the previous days 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 -35.81% . Institutional Investors own 57.35% of First Solar shares. During last six month period, the net percent change held by insiders has seen a change of -33.73%. In an insider trading activity, The Securities and Exchange Commission has divulged that Hughes James Alton, director officer (Chief Executive Officer) of First Solar, Inc., had unloaded 12,884 shares at an average price of $55.53 in a transaction dated on May 2, 2016. The total value of the transaction was worth $715,449.

First Solar, Inc. has lost 1.63% in the last five trading days and dropped 3.13% in the last 4 weeks. First Solar, Inc. has dropped 22.12% during the last 3-month period . Year-to-Date the stock performance stands at -28.79%.

First Solar (NASDAQ:FSLR): stock turned positive on Tuesday. Though the stock opened at $46.86, the bulls momentum made the stock top out at $47.48 level for the day. The stock recorded a low of $46.45 and closed the trading day at $46.99, in the green by 1.08%. The total traded volume for the day was 2,048,880. The stock had closed at $46.49 in the previous days trading.

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.

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