Benzinga - The Dow Jones closed higher by around 75 points on Thursday. 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.
fuboTV
- The Trade: fuboTV Inc. (NYSE: FUBO) Chief Financial Officer John Janedis acquired a total 8,000 shares an average price of $1.22. To acquire these shares, it cost around $9.76 thousand.
- What’s Happening: Fubo announced MLB.TV content partnership.
- What fuboTV Does: FuboTV Inc is a sports-first, live TV streaming company, offering subscribers access to tens of thousands of live sporting events annually as well as news and entertainment content.
- The Trade: Barnwell Industries, Inc. (NYSE: BRN) President and CEO Alexander C Kinzler acquired a total of 10,000 shares at an average price of $2.14. The insider spent around $21.39 thousand to buy those shares.
- What’s Happening: Barnwell Industries recently posted Q1 EPS of $0.11.
- What Barnwell Industries Does: Barnwell Industries Inc is an oil and gas firm. Its areas of operations include acquiring, developing, producing, and selling oil and natural gas.
Bird Global
- The Trade: Bird Global, Inc. (NYSE: BRDS) CFO Michael Washinushi acquired a total of 80,000 shares at an average price of $0.13. To acquire these shares, it cost around $10.24 thousand.
- What’s Happening: Bird received additional funding, bringing total capital to $33 million this year.
- What Bird Global Does: Bird Global Inc is a micro-mobility company engaged in delivering electric transportation solutions for short distances.
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