Clean Energy Fuels (NASDAQ:CLNE) has tumbled 4.31% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 12.5% in the last four weeks. The stocks have underperformed the S&P 500 by 3.16% during the past week but Clean Energy Fuels (NASDAQ:CLNE) it has outperformed the index in 4 weeks by 11.47%.
Clean Energy Fuels (NASDAQ:CLNE): The stock opened at $3.43 on Friday but the bulls could not build on the opening and the stock topped out at $3.45 for the day. The stock traded down to $3.30 during the day, due to lack of any buying support eventually closed down at $3.33 with a loss of -2.06% for the day. The stock had closed at $3.40 on the previous day. The total traded volume was 1,768,441 shares.
The company shares have dropped -54.94% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $7.63 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $3.22 and the 200 Day Moving Average price is recorded at $3.10.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Littlefair Andrew J, director officer (CEO and President) of Clean Energy Fuels Corp., had unloaded 6,390 shares at an average price of $2.53 in a transaction dated on February 29, 2016. The total value of the transaction was worth $16,167.
Currently the company Insiders own 26.69% of Clean Energy Fuels shares according to the proxy statements. Institutional Investors own 26.54% of Clean Energy Fuels shares. During last six month period, the net percent change held by insiders has seen a change of -1.75%.
Clean Energy Fuels Corp. is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The Company designs, builds, operates and maintains fueling stations and supplies its customers with compressed natural gas (CNG) fuel for light, medium and heavy-duty vehicles and liquefied natural gas (LNG) fuel for medium and heavy-duty vehicles. The Company also manufactures, sells and services non-lubricated natural gas fueling compressors and other equipment used in CNG stations and LNG stations. It provides operation and maintenance (O&M) services to customers, offers assessment, designs and modification solutions to provide operators with code-compliant service and maintenance facilities for natural gas vehicle fleets, transport. It offers vehicle finance services for some of its customers purchases of natural gas vehicles. The Company sells CNG to industrial and institutional energy users who do not have direct access to natural gas pipelines.