Benzinga - by Lisa Levin, Benzinga Editor. The Dow Jones closed slightly lower on Monday. 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.
comScore
- The Trade: comScore, Inc. (NASDAQ: SCOR) Margaret Mary Curry acquired a total of 15,000 shares an average price of $0.73. To acquire these shares, it cost around $10,950.
- What’s Happening: comScore reported narrower-than-expected second-quarter loss.
- What comScore Does: comScore Inc is a United States-based company that provides digital media analytics services to customers in the media, advertising, and marketing industries.
- The Trade: GeoVax Labs, Inc. (NASDAQ: GOVX) CFO Mark Reynolds acquired a total of 10,000 shares at an average price of $0.52. The insider spent around $5,179.
- What’s Happening: Geovax Labs posted a wider-than-expected quarterly loss.
- What GeoVax Labs Does: Geovax Labs Inc is a clinical-stage biotechnology company developing human vaccines and immunotherapies against infectious diseases and solid tumor cancers using novel proprietary platforms.
- The Trade: ADDvantage Technologies Group, Inc. (NASDAQ: AEY) Director James C. McGill acquired a total of 25,000 shares at an average price of $0.41. To acquire these shares, it cost around $10,250.
- What’s Happening: ADDvantage Technologies Group reported a year-over-year decrease in second-quarter financial results.
- What ADDvantage Technologies Does: Addvantage Technologies Group Inc is a communications infrastructure services and equipment provider operating a diversified group of companies through its Wireless Infrastructure Services and Telecommunications segments.
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Innovative Food Holdings
- The Trade: Innovative Food Holdings, Inc. (OTC: IVFH) Director Denver J. Smith acquired a total of 30,300 shares at an average price of $0.58. The insider spent $17,545 to buy those shares. The company’s CEO and COO also purchased the company’s shares.
- What’s Happening: The company’s second-quarter revenue fell 8.2% year-over-year to $18.8 million.
- What Innovative Food Holdings Does: Innovative Food Holdings Inc through its subsidiaries is engaged in the distribution of perishables and specialty food products.