Clean Energy insiders buy 48,000 shares

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Bobby Raines 03/10/2014

A group of insiders at Clean Energy Fuels ( CLNE ) has been buying the company's stock so far this month. Four members of the board of directors, including the company's president and CEO, Andrew Littlefair, bought a total of 48,000 shares, spending $438,734 in the process.

IK-> The technicals for CLNE ($9.63 up $0.04) are bearish with an upward trend. Recent support has been around $9.10 and recent resistance has been around $9.70. Standard & Poor's does not follow the stock. Look at the June 7/9 bull-put spread for a 35-cent credit. That's a 21.2% return and the stock has to fall 6.5% to cause a problem.  [InvestorsKeyhole, Various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on InvestorsObserver.com



This article appears in: Investing , Options


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