Volume Spike: First Solar Spanking (FSLR)
Posted in GeneralFebruary 25th, 2009
First Solar, Inc. (NASDAQ: FSLR) originally traded up after essentially blowing away its earnings expectations for Q4-2008. But the company said that the near term has never looked more challenging. This has shares down over $20.00 from the after-hours highs seen before guidance-light was issued. This closed up at $137.68 yesterday, then went as high as about $143.00 in after-hours. But after its comments, shares tanked. At 8:57 AM EST we have seen 500,000 shares trade hands without the market even being open yet. Shares are printing between $114 and $115 on the tape at 8:57 AM EST.
JON C. OGG
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