According to Clusterstock.com, JCL Holdings sold 1.4 million shares of stock in First Solar during the month of August. JCL Holdings is affiliated with Walmart heir John T. Walton, one of the founding investors in First Solar. Should First Solar stockholders be worried? Probably not. JCL Holdings still has 10.7 million shares, while Walton himself controls 23 million shares.
First Solar’s stock has risen to 14x what is was when the company went public, so … Read the rest
Over the past week or so JCL Holdings, which owns around 15% of the company has been cashing out tens of millions in First Solar (FSLR) shares. I don’t think it’s too unusual for a company to want to take some profits on a great investment at this point, but additional insider selling should be watched closely. It most certainly has been a drag on the stock, which has been pushing down from the day … Read the rest
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