Benzinga - by Lisa Levin, Benzinga Editor.
The Dow Jones closed higher by around 65 points on Wednesday. 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.
Capricor Therapeutics
- The Trade: Capricor Therapeutics, Inc. (NASDAQ: CAPR) Director David Musket acquired a total of 5,083 shares an average price of $2.82. To acquire these shares, it cost around $14,334.
- What’s Happening: Capricor Therapeutics announced late-breaking presentations at 28th Annual Congress of the World Muscle Society.
- What Capricor Therapeutics Does: Capricor Therapeutics Inc is a United States-based biotechnology company focused on the discovery, development, and commercialization of first-in-class biological therapies for the treatment of diseases, with a focus on Duchenne muscular dystrophy and other medical conditions.
- The Trade: FlexShopper, Inc. (NASDAQ: FPAY) COO John Davis acquired a total of 7,720 shares at an average price of $1.09. To acquire these shares, it cost around $8,378.
- What’s Happening: FlexShopper posted a loss for the second quarter.
- What FlexShopper Does: FlexShopper Inc is a financial technology company engaged in providing certain types of durable goods to consumers on a lease-to-own basis and providing lease-to-own (LTO) terms to consumers of third-party retailers and e-tailers.
Tecogen
- The Trade: Tecogen Inc. (OTC: TGEN) Director Earl R Lewis acquired a total of 2,000 shares at an average price of $0.80. The insider spent $1,600 to buy those shares.
- What’s Happening: Tecogen reported the appointment of Ms. Susan Hirsch to the Board of Directors.
- 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.
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Sportsman's Warehouse - The Trade: Sportsman's Warehouse Holdings, Inc. (NASDAQ: SPWH) Director Gregory Hickey acquired a total of 5,000 shares at an average price of $4.04. The insider spent around $20,200.
- What’s Happening: Sportsman's Warehouse reported worse-than-expected second-quarter earnings.
- What Sportsman's Warehouse Does: Sportsman's Warehouse Holdings Inc together with its subsidiaries operates as an outdoor sporting goods retailer.
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