Plug Power (PLUG) has risen sharply, recording gains of 0.6% in the past 4 weeks. However, the stock has corrected -1.17% in the past 1 week, providing a good buying opportunity on dips. Plug Power (PLUG) : During the past 4 weeks, traders have been relatively bearish on Plug Power (PLUG), hence the stock is down -0.43% 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 -1.22% relative to the S&P 500.
The stock has recorded a 20-day Moving Average of 3.57% and the 50-Day Moving Average is 4.55%. Plug Power (NASDAQ:PLUG): The stock was completely flat for the day, closing at $1.69 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $1.69, the stock touched an intraday high of $1.71 and a low of $1.68. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $1.69. The total trading volume on Friday was 719,760.
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 17.43% of Plug Power shares. During last six month period, the net percent change held by insiders has seen a change of -20.11%.
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.