Plug Power Stock Climbs 16% After CFO Bought More Shares
Shares of $Plug Power (PLUG.US)$ climbed more than 16% in early trading Tuesday after Chief Financial Officer Paul Middleton boosted his stake in the provider of alternative energy technology focused on the production of hydrogen and fuel cell systems.
The CFO disclosed the purchase of 650,000 shares at $1.0339 each on June 9, according to a filing with the Securities and Exchange Commission. That took his stake in the company to 2.558 million shares, according to the public document.
The executive also holds an indirect beneficial ownership of 56,047 shares through the company's 401(k) retirement plan, the document showed.
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