Clean Energy Fuels stock pulls back after disclosing largest shareholder reduced its stake


Shares of Clean Energy Fuels Corp.
CLNE,
-14.21%

dropped 8.8% in very energetic morning buying and selling Thursday, after the supplier of environmentally pleasant gasoline for the transportation business disclosed that its largest shareholder reduced its stake by about 10.6 million shares. Trading quantity swelled to 19.Zero million shares, already greater than the full-day common over the previous 30 days of about 13.9 million shares, in response to FactSet. The disclosure of share gross sales come after the stock shot up 31.5% on Wednesday to deliver the month-to-date achieve to 64.4%. In a 13D/A submitting with the Securities and Exchange Commission late Wednesday, the corporate stated WholeEnergy SE owned 53.44 million Clean Energy shares, or 26.7% of the shares excellent. That compares with a 13D/A submitting on Monday, through which the corporate stated WholeEnergy SE owned 64.04 million shares, or 32.0% of the shares excellent. WholeEnergy remains to be by far Clean Energy’s largest shareholder, as Dimensional Fund Advisor LP is the following greatest with a 5.6% stake, in response to FactSet information. The stock has hiked up 51.1% yr so far, whereas the S&P 500
SPX,
+0.24%

has gained 13.1%.



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