Large Inflow of Money Detected in First Solar

First Solar (FSLR) : Mondays money flow points at investors jumping to buy the stock on the weakness of price. $25.21 million worth of transactions were on upticks, whereas, the downticks accounted for $21.19 million worth of transactions. The net money flow was a positive $4.02 million and the uptick to downtick ratio was 1.19. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 7.09 in their favor. The net money flow into the stock was $3.87 million. The value of block trades done on downticks was only $0.64 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $4.5 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. First Solar (FSLR) was trading at $38.33, down $0.46 during day. The stock slid -1.19% over the previous days close. For the week, the stock recorded -13.1% over the previous weeks close.


First Solar, Inc. has lost 12.51% in the last five trading days and dropped 19.69% in the last 4 weeks. First Solar, Inc. has dropped 21.89% during the last 3-month period . Year-to-Date the stock performance stands at -41.92%.

First Solar (NASDAQ:FSLR): The stock opened at $38.88 on Monday but the bulls could not build on the opening and the stock topped out at $38.95 for the day. The stock traded down to $38.31 during the day, due to lack of any buying support eventually closed down at $38.33 with a loss of -1.19% for the day. The stock had closed at $38.79 on the previous day. The total traded volume was 2,730,489 shares.

In a related news,The officer (Chief Financial Officer) of First Solar, Inc., Bradley Alexander R. sold 566 shares at $43.77 on August 9, 2016. The Insider selling transaction had a total value worth of $24,774. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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