Benzinga - The Dow Jones closed higher by more than 300 points 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.
FTC Solar
- The Trade: FTC Solar, Inc. (NASDAQ: FTCI) Director Thurman Rodgers acquired a total 89,566 shares an average price of $2.26. To acquire these shares, it cost around $202.42 thousand.
- What’s Happening: UBS maintained FTC Solar with a Buy and lowered the price target from $5 to $4.
- What FTC Solar Does: FTC Solar Inc is a global provider of advanced solar tracker systems, supported by proprietary software and value-added engineering services.
- The Trade: Sarcos Technology and Robotics Corporation (NASDAQ: STRC) President and CEO Kiva A Allgood acquired a total of 54,350 shares at an average price of $0.48. The insider spent around $26.3 thousand to buy those shares. The company’s CFO also bought the company’s shares.
- What’s Happening: Sarcos Technology posted upbeat quarterly results.
- What Sarcos Technology and Robotics Does: Sarcos Technology & Robotics Corp designs, develops and manufactures a broad range of advanced mobile robotic systems that redefine human possibilities and are designed to enable the safest, most productive workforce in the world.
Lesaka Technologies
- The Trade: Lesaka Technologies, Inc. (NASDAQ: LSAK) 10% owner Antony Ball acquired a total of 61,337 shares at an average price of $4.77. To acquire these shares, it cost around $292.65 thousand.
- What’s Happening: Lesaka Technologies posted better-than-expected Q2 results.
- What Lesaka Technologies Does: Lesaka Technologies Inc, formerly Net 1 UEPS Technologies Inc provides payment solutions, transaction processing solutions, and financial technologies.
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or
remove ads
.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.