The stock last traded at $2.75 which is a tad above $2.47, the stock’s 50 day moving average and marginally over the 200 day moving average of $2.62. The 50 day moving average moved up $0.28 whereas the 200 day moving average was up $0.13 or +5.02%. (NASDAQ:CLNE) shares saw heavy trading volume with 1,614K shares changing hands by the end of trading on Thursday. Overall, volume was up 51.83% over the stocks normal daily volume.
Traders are feeling more bearish recently if you take a look at the rise in short interest. The stock saw a rise in short interest of 3.34% as of May 31, 2017 from the last reporting period. Short interest grew from 8,082,377 to 8,351,996 over that timeframe. The days to cover increased to 7.9 and the short interest percentage is 0.06% as of May 31.
There has been some buying and selling insider activity on Clean Energy Fuels Corp. (NASDAQ:CLNE) recently. Andrew J. Littlefair, CEO reported the purchase of 22,500 shares of (CLNE). The shares were bought on May 31st for an average price of $2.24. Littlefair now owns $2,939,254 of the stock according to the SEC filing. Barclay Corbus, SVP, Strategic Development bought $22,600 worth of shares at an average price of $2.26 on May 31st. The SVP, Strategic Development now owns $886,756 of the stock per an SEC filing yesterday.
Peter J. Grace, SVP, Sales and Finance disclosed the sale of 10,000 shares of CLNE stock. The shares were purchased at an average price of $2.49. The SVP, Sales and Finance now owns $0 of the stock per the Form 4 SEC filing.
Here are a few additional firms who have increased or decreased their stake in (CLNE). Trust Co Of Toledo Na /oh/ bolstered its holdings by buying 1,011 shares an increase of 8.3% as of 06/30/2017. Trust Co Of Toledo Na /oh/ controls 13,181 shares with a value of $33,000. The value of the position overall is up by 6.5%. As of quarter end Creative Planning had disposed of a total of 294,876 shares trimming its position 95.2%. The value of the investment in Clean Energy Fuels Corp. decreased from $790,000 to $4,000 a change of 99.5% for the reporting period.
As of the end of the quarter Davenport & Co LLC had sold 2,500 shares trimming its holdings by 11.7%. The value of the company’s investment in Clean Energy Fuels Corp. went from $61,000 to $53,000 decreasing 13.1% since the last quarter. Morgan Stanley expanded its investment by buying 8,630 shares an increase of 51.2% from 12/31/2016 to 03/31/2017. Morgan Stanley now holds 25,475 shares valued at $65,000. The total value of its holdings increased 35.4%.
On July 21 Citigroup left the company rating at “Neutral” but lowered the price target to $6.00 from $8.85. May 13 investment analysts at Citigroup made no change to the company rating of “Neutral” and raised the price expectation from $5.05 to $8.85.
On February 27 Citigroup held the company rating at “Neutral” but raised the price expectation to $5.05 from $4.80. On January 20 Citigroup maintained a company rating of “Neutral” and lowered the price target from $7.50 to $4.80.
On May 29, 2014 Morgan Stanley issued its first research report on the stock by announcing an initial rating of “Overweight” and a price target of $14.00. On February 28, 2014 the stock rating was rated “Neutral” by Dougherty & Company which is down from the previous “Buy” rating.
In the market the company is trading up from yesterday’s close of $2.72. The P/E ratio is 7.93 and the market cap is 413.86M.
Clean Energy Fuels Corp. (Clean Energy), launched on April 17, 2001, is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The Company is involved in supplying compressed natural gas (CNG), liquefied natural gas (LNG) and renewable natural gas (RNG) for light, medium and heavy-duty vehicles, and providing operation and maintenance (O&M) services for natural gas fueling stations..