Benzinga - by Avi Kapoor, Benzinga Staff Writer.
The Dow Jones index closed lower by over 300 points on Friday. 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.
Citizens
- The Trade: Citizens, Inc. (NYSE: CIA) President and CEO Gerald Shields acquired a total of 17,466 shares an average price of $2.26. To acquire these shares, it cost around $39,475.
- What’s Happening: On March 18, Citizens, named Jon Stenberg as President of Citizens.
- What Citizens Does: Citizens Inc is an insurance holding company serving the life insurance needs of individuals in the United States.
- The Trade: AIM ImmunoTech Inc. (NYSE: AIM) Director Nancy Bryan acquired a total of 38,462 shares at at an average price of $0.39. To acquire these shares, it cost around $15,000.
- What’s Happening: On Feb. 8, AIM ImmunoTech reported topline results from Phase 2 study evaluating ampligen for the treatment of post-COVID conditions.
- What AIM ImmunoTech Does: AIM ImmunoTech Inc is an immuno-pharma company focused on research and development of therapeutics to treat immune disorders, viral and cancer diseases.
Power Solutions International
- The Trade: Power Solutions International, Inc. (OTC: PSIX) 10% owner Neil Gagnon acquired a total of 5,392 shares at an average price of $2.00. The insider spent around $10,784 to buy those shares.
- What’s Happening: On March 14, Power Solutions International announced fourth quarter and full year 2023 financial results.
- What Power Solutions International Does: Power Solutions International Inc is an America-based company that manufactures, distributes, and services power systems that primarily run on nondiesel fuels, including natural gas, propane, and gasoline.
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Brightcove - The Trade: Brightcove Inc. (NASDAQ: BCOV) 10% owner Brolin Jonathan acquired a total of 30,000 shares at an average price of $1.88. The insider spent around $56,250 to buy those shares.
- What’s Happening: On Feb. 22, Brightcove reported fourth-quarter financial results and issued FY24 guidance below estimates.
- What Brightcove Does: Brightcove Inc is a provider of cloud-based streaming technology and services.
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