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Monday, September 12, 2016 12:02:26 AM
By Lee Jackson September 11, 2016 10:20 am EDT
In what can often be a turbulent month for the stock markets, the insiders selling stock took a break from their frenetic pace of August. While the volume was lower, the continued market strength was able to lure some to the sell desk, even as the window for selling may start to get shorter as we are just a few weeks away from companies reporting third-quarter results.
We cover insider selling every week at 24/7 Wall St., and we like to remind readers that just because an individual or 10% institutional owner is selling stock, that is no cause for immediate alarm. Many top executives, and even directors, are compensated with stock and often sell just to diversify portfolios or purchase other assets.
Here are companies that reported notable insider selling last week.
Clean Energy Fuels Corp. (NASDAQ: CLNE) had an industry legend selling shares this past week. T. Boone Pickens, who is a director and a 10% holder, sold some 1.5 million shares of the stock at prices that ranged from $4.28 to $4.79. The total for the sale was posted at $7 million. The company provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The stock closed the day last Friday at $4.47.
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Combine this with the 6.7 mil shares sold to the Cayman Boyz and Citigroup selling shares for CLNE the float is getting bigger and bigger. The Cayman Boyz are probably thinking they had better start dumping vefore the pps goes below what they paid for those shares. This is right out POS penny stock playbook. CLNE could easily punch the 50ma in this negative market.
Recent CLNE News
- J.B. Hunt kicks off Clean Energy’s Class 8 demo truck program equipped with Cummins X15N powered by ultraclean RNG • Business Wire • 09/16/2024 10:30:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2024 08:11:13 PM
- Clean Energy Reports Revenue of $98.0 Million and 57.1 Million RNG Gallons Sold for the Second Quarter of 2024 • Business Wire • 08/07/2024 08:05:00 PM
- Clean Energy’s Latest RNG Production Facility at Minnesota Dairy Begins Injecting Into Pipeline • Business Wire • 08/05/2024 10:30:00 AM
- Clean Energy Opens Clean-fuel RNG Station in Davenport, Florida • Business Wire • 07/31/2024 10:30:00 AM
- Clean Energy’s RNG Production Facility Breaks Ground at South Fork Dairy • Business Wire • 07/24/2024 10:30:00 AM
- Clean Energy to Report Second Quarter 2024 Financial Results on August 7; Conference Call to Follow at 1:30 p.m. Pacific Time • Business Wire • 07/16/2024 12:00:00 PM
- Clean Energy Opens Renewable Natural Gas Station in Philadelphia - South Jersey Area to Serve Fleets • Business Wire • 06/25/2024 10:30:00 AM
- Municipalities Adopt Cleaner Solutions Inking Agreements with Clean Energy • Business Wire • 06/20/2024 10:30:00 AM
- Clean Energy Expands Boron LNG Plant Capacity to Accommodate Increased Demand for Cleaner Fuel Driven by Pasha Hawaii Container Ships • Business Wire • 06/11/2024 10:30:00 AM
- Clean Energy Expands Fueling Footprint in So. California • Business Wire • 06/04/2024 10:30:00 AM
- Cemex US Signs Renewable Natural Gas Fuel Agreement with Clean Energy to Power Fleet in Southern California • Business Wire • 05/30/2024 10:30:00 AM
- Bi-Partisan Bill Introduced in U.S. Senate to Encourage the Use of Ultra-Low Carbon RNG in Transportation • Business Wire • 05/23/2024 10:30:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2024 08:46:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2024 08:42:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2024 08:37:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/20/2024 08:08:50 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 05/16/2024 09:30:14 PM
- Clean Energy and Maas Energy Works Join Forces to Build Nine Renewable Natural Gas Dairy Production Facilities Across Seven States • Business Wire • 05/14/2024 10:30:00 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/09/2024 08:16:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 08:10:54 PM
- Clean Energy Reports Revenue of $103.7 Million and 58.0 Million RNG Gallons Sold for the First Quarter of 2024 • Business Wire • 05/09/2024 08:05:00 PM
- Clean Energy Announces First Injection of Renewable Natural Gas at Victory Farms Dairy • Business Wire • 04/23/2024 10:30:00 AM
- Clean Energy to Report First Quarter 2024 Financial Results on May 9; Conference Call to Follow at 1:30 p.m. Pacific Time • Business Wire • 04/12/2024 12:00:00 PM
- Clean Energy Appoints Patrick J. Ford to Board of Directors • Business Wire • 03/28/2024 10:30:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM