Bloom Energy Shares Plunge Following Insider Stock Disposals

Bloom Energy’s stock faced significant downward pressure on Friday, declining as much as 7% during the trading session. This sharp drop coincided with regulatory filings revealing that multiple company executives had collectively disposed of shares worth over $13 million in coordinated transactions.

Regulatory documents filed on November 5 disclosed that three key insiders executed substantial stock sales:

• Mary K. Bush, a company director, sold 36,000 shares at $142.82 each, generating proceeds of $5.14 million
• Jim H. Snabe, also serving as director, disposed of 20,000 shares at prices ranging between $143.00 and $143.38, totaling $2.86 million
• Shawn Marie Soderberg, the firm’s chief legal officer, sold 36,666 shares at Read more...