Block Trade Overview
First Solar Inc. completed a block trade of 672,700 shares valued at $150 million at 2:44 p.m. New York time on Thursday. The transaction represented 0.7 % of the company’s float and was executed at $222.92 per share, a 3.9 % discount to the opening price.
Price Movement
Following the trade, First Solar’s share price declined 4.3 % on the day, extending its year‑to‑date loss to 15 %.
Trading Volume Impact
The block trade accounted for 30 % of First Solar’s 20‑day average trading volume. By the time the trade was executed, total shares traded reached 1.88 million, compared with the typical 20‑day average of 1.28 million shares for that time of day. Bloomberg’s model projected that total volume would rise to 2.66 million shares by the close of the trading session.
Recent Market Signals
In the two weeks preceding Thursday, implied volatility on First Solar’s stock decreased, while news‑search activity rose to unusually high levels.
Source Note
The article was generated with the support of artificial intelligence and subsequently reviewed by an editor, as noted in the Reuters disclaimer.