Why Plug Power Inc's Shares Popped 12% Today
Shares of hydrogen fuel-cell company Plug Power Inc (NASDAQ: PLUG) jumped as much as 12% in trading on Wednesday after the company's chairman bought $426,000 worth of stock. At 3:25 p.m. EDT, shares were still up 11.6% for the day.
Chairman George McNamee purchased 200,000 shares of Plug Power stock for about $426,000 to increase his stake in the company to 661,131 shares. This happened within a window of time during which insiders can buy or sell stock, so we're seeing a big player do just that with Plug Power.
Image source: Getty Images.
Source: Fool.com
Plug Power Inc. Aktie
1,94 €
-0,89 %
Leichte Kaufneigung bei Plug Power Inc., mit mehr Buy- als Sell-Einschätzungen.
Das Kursziel von 7 €, festgelegt von der Community für Plug Power Inc., zeigt ein Potenzial von 260.56%, was einer Verdopplung des aktuellen Kurses entspricht.
