Shares of Plug Power (PLUG) Drops by -2.89%

Plug Power (PLUG) : During the past 4 weeks, traders have been relatively bearish on Plug Power (PLUG), hence the stock is down -8.02% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.32% relative to the S&P 500. The 4-week change in the price of the stock is -4% and the stock has fallen -2.89% in the past 1 week. The stock has recorded a 20-day Moving Average of 4.11% and the 50-Day Moving Average is 6.68%.

Plug Power (NASDAQ:PLUG): The stock opened at $1.73 on Friday but the bulls could not build on the opening and the stock topped out at $1.74 for the day. The stock traded down to $1.66 during the day, due to lack of any buying support eventually closed down at $1.68 with a loss of -2.89% for the day. The stock had closed at $1.73 on the previous day. The total traded volume was 2,463,108 shares.


The company Insiders own 2.6% of Plug Power shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -27.67% . Institutional Investors own 17.39% of Plug Power shares. During last six month period, the net percent change held by insiders has seen a change of -20.11%. In a related news, Helmer Maureen O, director of Plug Power Inc, unloaded 30,000 shares at an average price of $1.96 on March 24, 2016. The total amount of the transaction was worth $58,800, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Plug Power Inc. is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used for the industrial off-road market and the stationary power market. The Companys product line includes GenKey, GenDrive, GenFuel, GenCare and ReliOn. GenKey offers solutions to customers transitioning their material handling vehicles to fuel cell power. GenDrive is a hydrogen fueled PEM fuel cell system. It provides power to material handling vehicles. GenFuel is the hydrogen fueling delivery system. It is designed to allow customers to refuel its GenDrive units for maximum productivity. GenCare is the ongoing maintenance program for both the GenDrive fuel cells and GenFuel products. ReliOn is the stationary fuel cell solution. It provides scalable, modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation and utility sectors.

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