Benzinga - by Lisa Levin, Benzinga Editor.
The Dow Jones closed higher by around 75 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.
Rapid Micro Biosystems
- The Trade: Rapid Micro Biosystems, Inc. (NASDAQ: RPID) CFO Sean M Wirtjes acquired a total of 10,000 shares an average price of $0.99. To acquire these shares, it cost around $9,894.
- What’s Happening: Rapid Micro Biosystems posted upbeat second-quarter results.
- What Rapid Micro Biosystems Does: Rapid Micro Biosystems Inc is an life sciences technology company providing mission critical automation solutions to facilitate the efficient manufacturing and fast, safe release of healthcare products such as biologics, vaccines, cell and gene therapies, and sterile injectables.
- The Trade: Cardio Diagnostics Holdings, Inc. (NASDAQ: CDIO) Chief Technology Officer Timur Dogan acquired a total of 18,251 shares at an average price of $0.55. The insider spent around $9,965.
- What’s Happening: Cardio Diagnostics partnered with Ascension Borgess Hospital's Heart Attack Prevention Clinic on coronary artery disease study.
- What Cardio Diagnostics Does: Cardio Diagnostics Holdings Inc is a biotechnology company that makes cardiovascular disease prevention and early detection more accessible, personalized, and precise.
- The Trade: Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) Chairman and CEO William Shepro acquired a total of 41,667 shares at an average price of $3.60. To acquire these shares, it cost around $150,001. The company’s CFO and Director also purchased the company’s shares.
- What’s Happening: Altisource Portfolio Solutions S priced its underwritten public offering of 4.8 million shares at a price to the public of $3.60 per share.
- What Altisource Portfolio Solutions Does: Altisource Portfolio Solutions SA is an integrated service provider and marketplace for the real estate and mortgage industries.
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