Benzinga - by Lisa Levin, Benzinga Editor.
The Dow Jones closed lower by over 60 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.
CommScope Holding
- The Trade: CommScope Holding Company, Inc. (NASDAQ: COMM) Director Timothy Yates acquired a total of 60,000 shares an average price of $1.86. To acquire these shares, it cost around $111,318.
- What’s Happening: Raymond James recently upgraded CommScope from Underperform to Market Perform.
- What CommScope Holding Does: CommScope Holding Co Inc is a provider of infrastructure solutions for communication, data center and entertainment networks.
- The Trade: Inspire Veterinary Partners, Inc. (NASDAQ: IVP) Director Lawrence Alexander acquired a total of 1,000 shares at an average price of $0.56. To acquire these shares, it cost around $562.
- What’s Happening: Inspire Veterinary Partners reported third-quarter total revenue of $4.1 million, up 42% year-over-year.
- What Inspire Veterinary Partners Does: Inspire Veterinary Partners Inc owns and operates veterinary hospitals throughout the United States.
Socket Mobile
- The Trade: Socket Mobile, Inc. (NASDAQ: SCKT) Director Charlie Bass acquired a total of 5,000 shares at an average price of $1.23. The insider spent around $6,168 to buy those shares.
- What’s Happening: Socket Mobile posted a wider-than-expected third-quarter loss.
- What Socket Mobile Does: Socket Mobile Inc is a producer of data capture products.
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FlexShopper - The Trade: FlexShopper, Inc. (NASDAQ: FPAY) Director Howard Dvorkin acquired a total of 8,707 shares at an average price of $1.12. The insider spent around $9,752 to buy those shares.
- What’s Happening: FlexShopper reported better-than-expected third-quarter financial results.
- What FlexShopper Does: FlexShopper Inc is a financial technology company engaged in providing certain types of durable goods to consumers on a lease-to-own basis and providing lease-to-own (LTO) terms to consumers of third-party retailers and e-tailers.
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