Insider Sales at First Solar (FSLR) at Significant level, Reverses the Buying Trend of Last Quarter

Wednesday, August 02, 2017 10:15 PM ET

Insider Sales at First Solar (FSLR) at Significant level, Reverses the Buying Trend of Last Quarter

There was a substantial level of insider selling revealed today in filings with the SEC for First Solar. Four insiders — Kaleta, Widmar, Garabedian, and de Jong — sold 93,776 shares in the company for approximately $4,612,063. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. These trades have resulted in the purchase of 4,000 company shares and the sale of 3,982 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 93,758 shares and have averaged 16,960 shares per transaction over this time period.

The number of insider buy/sell trades at First Solar is greater than the 18 peer company average over the last 90-day period. However, the number of shares per average transaction for First Solar insider buy-sell trading is very close to the average of the Photovoltaic Solar Systems & Equipment peer group of companies. This peer group saw 163,846 shares purchased and 173,550 shares sold resulting in an average of 16,066 shares traded and netting out with company insiders disposing of 462 shares on average.

In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated data obtained to compose and write this story.

Today’s Insider Activity
* Paul J Kaleta, Officer, sold 23,696 shares
* Mark R Widmar, Director and Officer, sold 43,189 shares
* Raffi Garabedian, Officer, sold 5,800 shares
* Philip de Jong, Officer, sold 21,091 shares

Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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