Top Buys by Top Brass: CEO and President Littlefair's $199K 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 $199K invested across 2 purchases by Andrew J. Littlefair, CEO and President at Clean Energy Fuels Corp ( CLNE).

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Littlefair bets big on CLNE:
Purchased Insider Title Shares Price/Share Value
08/16/2016 Andrew J. Littlefair CEO and President 27,400 $3.64 $99,796.28
11/07/2016 Andrew J. Littlefair CEO and President 29,000 $3.42 $99,165.50

Littlefair's average cost works out to $3.53/share. Shares of Clean Energy Fuels Corp were changing hands at $3.65 at last check, trading down about 2.1% on Tuesday. 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 $2.15 per share, with $5.05 as the 52 week high point — that compares with a last trade of $3.65.

CLNE makes up 2.40% of the PowerShares WilderHill Progressive Energy Portfolio ETF ( PUW)

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