Benzinga - by Lisa Levin, Benzinga Editor.
The Dow Jones closed higher by more than 50 points 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.
CareCloud
- The Trade: CareCloud, Inc. (NASDAQ: CCLD) CEO and President A Hadi Chaudhry acquired a total of 18,801 shares an average price of $1.07. To acquire these shares, it cost around $20,117.
- What’s Happening: CareCloud reported a profit for the third quarter.
- What CareCloud Does: CareCloud Inc is a healthcare information technology company. It provides a full suite of proprietary cloud-based solutions and related business services.
- The Trade: Intrusion Inc. (NASDAQ: INTZ) 10% owner Raymond T Hyer acquired a total of 500,000 shares at an average price of $0.31. To acquire these shares, it cost around $156,600.
- What’s Happening: On Oct. 26, Intrusion received notice of delisting or failure to satisfy a continued listing rule or standard from Nasdaq.
- What Intrusion Does: Intrusion Inc is a cybersecurity company based in Plano, Texas. It is engaged in developing, marketing and supporting a group of entity identification, high-speed data mining, cybercrime and persistent threat detection products.
Lumen Technologies
- The Trade: Lumen Technologies, Inc. (NYSE: LUMN) Director James Fowler acquired a total of 70,000 shares at an average price of $1.40. The insider spent around $97,916 to buy those shares.
- What’s Happening: Lumen Technologies reported mixed third-quarter results and announced an agreement with creditors.
- What Lumen Technologies Does: With 450,000 route miles of fiber, including over 35,000 route miles of subsea fiber connecting Europe, Asia, and Latin America, Lumen Technologies is one of the United States' largest telecommunications carriers serving global enterprises.
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Liberty TripAdvisor - The Trade: Liberty TripAdvisor Holdings, Inc. (OTC: LTRPA) Dustin Henderson acquired a total of 50,000 shares at an average price of $0.38. The insider spent around $19,000 to buy those shares.
- What’s Happening: The company’s stock declined around 17% over the past month.
- What Liberty TripAdvisor Does: Liberty TripAdvisor Holdings Inc provides online travel site services and online retail through its subsidiary TripAdvisor.
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