Benzinga - by Lisa Levin, Benzinga Editor. The Dow Jones closed slightly 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.
Innovid
- The Trade: Innovid Corp. (NYSE: CTV) Chief Commercial Officer David Helmreich acquired a total of 50,000 shares an average price of $1.09. To acquire these shares, it cost around $54,475.
- What’s Happening: Innovid posted better-than-expected quarterly sales.
- What Innovid Does: Innovid Corp is a software platform that provides ad serving, measurement and creative services for the creation, delivery, and measurement of TV ads across connected TV, mobile TV and desktop TV environments to advertisers, publishers and media agencies.
- The Trade: Vincerx Pharma, Inc. (NASDAQ: VINC) 10% owner Alexander A Seelenberger acquired a total of 10,500 shares at an average price of $0.95. The insider spent around $9,968.
- What’s Happening: Vincerx Pharma posted a narrower second-quarter loss.
- What Vincerx Pharma Does: Vincerx Pharma Inc is a clinical-stage biopharmaceutical company focused on development and oncology expertise to advance new therapies intended to address unmet medical needs for the treatment of cancer.
- The Trade: Fuel Tech, Inc. (NASDAQ: FTEK) President and CEO Vincent J Arnone acquired a total of 15,000 shares at an average price of $1.20. To acquire these shares, it cost around $17,985..
- What’s Happening: Fuel Tech posted a wider-than-expected second-quarter loss.
- What Fuel Tech Does: Fuel Tech Inc is an technology provider of boiler optimization, efficiency improvement, and air pollution reduction to utility and industrial customers.
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1847 Holdings
- The Trade: 1847 Holdings LLC (NYSE: EFSH) 10% owner Strategic Risk LLC acquired a total of 58,000 shares at an average price of $0.17. The insider spent $9,860 to buy those shares.
- What’s Happening: 1847 Holdings posted a wider second-quarter loss.
- What 1847 Holdings Does: 1847 Holdings LLC is a diversified holding company. It operates in three segments: Retail and appliances, Construction, and Automotive Supplies.