Benzinga - by Lisa Levin, Benzinga Editor.
The Dow Jones closed higher by over 100 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.
Expensify
- The Trade: Expensify, Inc (NASDAQ: EXFY) 10% owner SF Roofdeck GP acquired a total of 168,894 shares an average price of $2.48. To acquire these shares, it cost around 418,857.
- What’s Happening: Expensify is expected to release third-quarter financial results on Nov. 7, 2023.
- What Expensify Does: Expensify Inc is a cloud-based expense management software platform that helps the smallest to the largest businesses simplify the way they manage money.
- The Trade: Greystone Logistics, Inc. (OTC: GLGI) Director Drew T Lockard acquired a total of 12,000 shares at an average price of $1.03. To acquire these shares, it cost around $12,400.
- What’s Happening: Greystone reported earnings per share of $0.06 for the three months ended Aug. 31, 2023, up from $0.04 for the previous period.
- What Greystone Logistics Does: Greystone Logistics Inc is engaged in the business of manufacturing and selling plastic pallets utilizing recycled plastic.
RENN Fund
- The Trade: RENN Fund, Inc. (NYSE: RCG) President and CEO Murray Stahl acquired a total of 413 shares at an average price of $1.73. The insider spent around $714 to buy those shares.
- What’s Happening: RENN Fund shares fell more than 2% over the past month.
- What RENN Fund Does: RENN Fund Inc is active in the financial services domain. It is a closed-end management investment company formed with the objective of providing long-term capital appreciation by investing substantially in privately placed convertible and equity securities of emerging growth companies traded on the United States securities exchanges.
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