Large Inflow of Money Witnessed in Clean Energy Fuels

Clean Energy Fuels (NASDAQ:CLNE): $0.14 million was the positive money flow into the stock on Wednesday and the up/down ratio of ticks was also in favor of the bulls at 1.44. The value of trades done on upticks was $0.44 million, whereas, trades done on downticks were valued at $0.31 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $0.16 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $0.03 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 4.74 was strongly in favor of the bulls. The money flow in block trades was $0.13 million. Clean Energy Fuels (NASDAQ:CLNE) fell $0.04 traded at $3.39, a change of -1.17% over the previous day. The stock is 3.99% for the week.


In an insider trading activity,The director officer (CEO and President) of Clean Energy Fuels Corp., Littlefair Andrew J sold 6,390 shares at $2.53 on February 29, 2016. The Insider selling transaction had a total value worth of $16,167. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 26.69% of Clean Energy Fuels shares according to the proxy statements. Institutional Investors own 26.55% of Clean Energy Fuels shares. During last six month period, the net percent change held by insiders has seen a change of -1.75%.

The company shares have dropped -36.48% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $6.94 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $3.31 and the 200 Day Moving Average price is recorded at $3.04. Clean Energy Fuels (NASDAQ:CLNE): The stock opened at $3.47 on Wednesday but the bulls could not build on the opening and the stock topped out at $3.48 for the day. The stock traded down to $3.34 during the day, due to lack of any buying support eventually closed down at $3.42 with a loss of -0.29% for the day. The stock had closed at $3.43 on the previous day. The total traded volume was 1,477,487 shares.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.