Top Buys by Top Brass: SVP, Strategic Development Corbus's $100.4K Bet on CLNE

A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $100.4K by Barclay Corbus, SVP, Strategic Development at Clean Energy Fuels Corp (CLNE).

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Corbus bets big on CLNE:
Purchased Insider Title Shares Price/Share Value
11/12/2013 Barclay Corbus SVP, Strategic Development 8,700 $11.54 $100,398.00

Corbus's average cost works out to $11.54/share. In trading on Wednesday, bargain hunters could buy shares of Clean Energy Fuels Corp ( CLNE) and achieve a cost basis lower than Corbus, with shares changing hands as low as $9.14 per share. Shares of Clean Energy Fuels Corp were changing hands at $9.49 at last check, trading up about 2.6% on Wednesday. The chart below shows the one year performance of CLNE shares, versus its 200 day moving average:

Clean Energy Fuels Corp Chart

Looking at the chart above, CLNE's low point in its 52 week range is $8.27 per share, with $14.48 as the 52 week high point — that compares with a last trade of $9.49.

According to the ETF Finder at ETF Channel, CLNE makes up 1.35% of the PowerShares WilderHill Progressive Energy Portfolio ETF ( PUW) which is trading up by about 0.1% on the day Wednesday.

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