Benzinga - by Avi Kapoor, Benzinga Staff Writer.
The Dow Jones index closed higher by around 0.1% on Tuesday. 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.
Retractable Technologies
- The Trade: Retractable Technologies, Inc. (NYSE:RVP) President and CEO Thomas J Shaw bought a total of 4,240 shares at an average price of $1.09. To acquire these shares, it cost around $4,622.
- What's Happening: On March 29, Retractable Technologies reported results for 2023.
- What Retractable Technologies Does: Retractable Technologies Inc designs, develops, manufactures, and markets safety syringes and other safety medical products for the healthcare profession.
- The Trade: Earth Science Tech, Inc. (OTC:ETST) CEO Giorgio R. Saumat acquired a total of 20,000 shares at an average price of $0.10. To acquire these shares, it cost around $1,900.
- What's Happening: On Jan. 29, Earth Science Tech announced a $5 million common stock repurchase program.
- What Earth Science Tech Does: Earth Science Tech Inc is a diversified holding company. Currently, the company is focused on emerging prospects in the health and wellness industry.
- The Trade: GrafTech International Ltd. (NYSE:EAF) 10% owner WJS Investments Ltd acquired a total of 163,250 shares at an average price of $1.81. The insider spent around $295,433 to buy those shares.
- What's Happening: On April 26, GrafTech International reported better-than-expected first-quarter financial results.
- What GrafTech International Does: GrafTech International Ltd is a manufacturer of high-quality graphite electrode products essential to the production of EAF steel and other ferrous and non-ferrous metals.
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