US crude oil futures traded higher on Friday. Investors, meanwhile, focused on some notable insider trades.
When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga's insider transactions platform.3
OppFi
- The Trade: OppFi Inc. (NYSE: OPFI) CEO Todd Schwartz acquired a total of 29,696 shares at an average price of $2.73. To acquire these shares, it cost $81.08 thousand.
- What’s Happening: The company recently posted upbeat quarterly sales.
- What OppFi Does: OppFi Inc is a financial technology platform that powers banks to help the everyday consumer gain access to credit.
- The Trade: Eos Energy Enterprises, Inc. (NASDAQ: EOSE) Chief Financial Officer Randall Gonzales acquired a total of 70,000 shares at an average price of $1.45. The insider spent around $101.84 thousand to buy those shares.
- What’s Happening: The company recently posted downbeat quarterly results.
- What Eos Energy Enterprises Does: Eos Energy Enterprises Inc designs, manufacture, and markets battery storage solutions for the electric utility industry. The solutions are used in the utility sector, the renewable energy sector, and the industrial sector.
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Pennsylvania Real Estate Investment Trust
- The Trade: Pennsylvania Real Estate Investment Trust (NYSE: PEI) CEO Joseph F Coradino acquired a total of 10,000 shares at an average price of $0.39. To acquire these shares, it cost around $3.9 thousand.
- What’s Happening: Pennsylvania REIT recently posted Q1 FFO of $(0.06).
- What Pennsylvania Real Estate Investment Trust Does: Pennsylvania Real Estate Investment Trust is a self-managed and self-administered REIT in the United States. It is engaged in the ownership, management, leasing, acquisition, redevelopment, development and disposition of retail shopping malls including regional department stores and large format retailers.
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