Why Bloom Energy's Shares Jumped 22.2% Today
Shares of fuel cell and hydrogen company Bloom Energy (NYSE: BE) jumped as much as 22.2% in trading Tuesday after an insider bought a large amount of stock. Shares were still up 19.5% at 3:30 p.m. EDT and holding, heading into the market's close.
Jeff Immelt, former CEO of GE, was the person who bought stock recently, and it was a big purchase. He acquired 70,000 shares of stock at an average price of $14.86 per share for more than $1 million in purchases.
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Source Fool.com