Clean Energy Fuels Corp. (CLNE) Moves Higher on Volume Spike for May 22

Equities Staff  |

Clean Energy Fuels Corp. (CLNE) traded on unusually high volume on May. 22, as the stock gained 6.83% to close at $2.66. On the day, Clean Energy Fuels Corp. saw 3.65 million shares trade hands on 8,950 trades. Considering that the stock averages only a daily volume of 1.38 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $3.05 and $1.31 over the last 52-weeks, its 50-day SMA is now $1.72, and its 200-day SMA $2.00. Clean Energy Fuels Corp. has a P/B ratio of 0.92.

Clean Energy Fuels Corp is a natural gas marketer and retailer operating in the United States and Canada. The company supplies compressed natural gas, liquefied natural gas, and renewable natural gas as an alternative fuel for vehicles.

Headquartered in Newport Beach, CA, Clean Energy Fuels Corp. has 431 employees and is currently under the leadership of CEO Andrew J. Littlefair.

For a complete fundamental analysis analysis of Clean Energy Fuels Corp., check out’s Stock Valuation Analysis report for CLNE.

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To get more information on Clean Energy Fuels Corp. and to follow the company’s latest updates, you can visit the company’s profile page here: CLNE’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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