Traders Buy High Volume of Put Options on Clean Energy Fuels Corp. (CLNE)
Clean Energy Fuels Corp. (NASDAQ:CLNE) was the recipient of unusually large options trading activity on Wednesday. Traders purchased 11,550 put options on the stock, Analyst Ratings Network.com reports. This is an increase of approximately 1,053% compared to the typical volume of 1,002 put options.
Separately, analysts at Citigroup Inc. initiated coverage on shares of Clean Energy Fuels Corp. in a research note to investors on Monday, January 6th. They set a “neutral” rating and a $13.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Clean Energy Fuels Corp. presently has an average rating of “Hold” and a consensus target price of $12.17.
Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) traded down 4.75% on Thursday, hitting $9.43. The stock had a trading volume of 1,285,751 shares. Clean Energy Fuels Corp. has a 52-week low of $9.72 and a 52-week high of $14.82. The stock’s 50-day moving average is $12.2 and its 200-day moving average is $12.3. The company’s market cap is $842.6 million.
Clean Energy Fuels Corp., incorporated in April 2001, is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada, based on the number of stations operated and the amount of gasoline gallon equivalents of compressed natural gas (NASDAQ:CLNE), and liquefied natural gas (LNG), delivered.
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