The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock 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 company directors over the trailing six month period, one of which was a total of $205.5K by Warren I. Mitchell, Director at Clean Energy Fuels Corp ( CLNE).Mitchell bets big on CLNE:
|06/04/2014||Warren I. Mitchell||Director||20,000||$10.27||$205,462.00|
According to the ETF Finder at ETF Channel, CLNE makes up 1.47% of the PowerShares WilderHill Progressive Energy Portfolio ETF ( PUW) which is trading lower by about 0.3% on the day Thursday.