Benzinga - by Lisa Levin, Benzinga Editor.
The Dow Jones closed higher 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.
Emeren Group
- The Trade: Emeren Group Ltd (NYSE: SOL) Director Shah Capital Management acquired a total of 119,836 shares an average price of $3.19. To acquire these shares, it cost around $382,675.
- What’s Happening: Emeren Group posted upbeat second-quarter earnings.
- What Emeren Group Does: Emeren Group Ltd is a leading global solar project developer, owner, and operator with a ~3 GW pipeline of projects and IPP assets across Europe, North America, and Asia.
- The Trade: Tecogen Inc. (OTC: TGEN) Director Earl R Lewis acquired a total of 10,000 shares at an average price of $0.95. The insider spent around $9,500.
- What’s Happening: Tecogen reported revenues of $6.7 million and a net loss of $0.8 million for the quarter ended June 30, 2023.
- What Tecogen Does: Tecogen Inc, designs, manufactures, markets, and maintains high efficiency, ultra-clean cogeneration products. It operates in three business segments, namely Products, Services and Energy Production.
- The Trade: Full House Resorts, Inc. (NASDAQ: FLL) Director Eric Green acquired a total of 8,000 shares at an average price of $4.58. To acquire these shares, it cost around $36,603.
- What’s Happening: Full House Resorts posted a loss for the second quarter.
- What Full House Resorts Does: Full House Resorts Inc owns, operates, develops, manages, and invests in casinos and related hospitality and entertainment facilities.
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Vapotherm
- The Trade: Vapotherm, Inc. (NYSE: VAPO) President and CEO Joseph Army acquired a total of 100,000 shares at an average price of $3.48. The insider spent $347,992 to buy those shares.
- What’s Happening: Vapotherm posted a narrower-than-expected quarterly loss.
- What Vapotherm Does: Vapotherm Inc is a medical technology company based in the United States. It is mainly engaged in the development and commercialization of its proprietary Hi-VNI technology products that are used to treat patients of all ages suffering from respiratory distress.