an insider bought a large amount of stock.
Jeff Immelt, former CEO of GE, was the person who acquired 70,000 shares of stock at an average price of $14.86 per share for more than $1 million in purchases.
The reason Immelt's purchase is so notable is because he is on the Board of Directors at Bloom Energy. As a board member, Immelt invariably gets inside information about the company's direction; the fact that he was bullish enough to put $1 million of his own money behind the company is seen as a good sign.
fool.com/investing/2020/08/18/why-bloom-energys-shares-jumped-222-today/
4-K sec fillings sec.report/Document/0001209191-20-047029/
Jeff Immelt, former CEO of GE, was the person who acquired 70,000 shares of stock at an average price of $14.86 per share for more than $1 million in purchases.
The reason Immelt's purchase is so notable is because he is on the Board of Directors at Bloom Energy. As a board member, Immelt invariably gets inside information about the company's direction; the fact that he was bullish enough to put $1 million of his own money behind the company is seen as a good sign.
fool.com/investing/2020/08/18/why-bloom-energys-shares-jumped-222-today/
4-K sec fillings sec.report/Document/0001209191-20-047029/
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