Benzinga - by Lisa Levin, Benzinga Editor.
The Dow Jones closed higher by around 250 points on Friday. 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.
Lulu's Fashion Lounge Holdings
- The Trade: Lulu's Fashion Lounge Holdings, Inc. (NASDAQ: LVLU) Director Michael J Mardy acquired a total of 10,000 shares an average price of $2.10. To acquire these shares, it cost around $21,000.
- What’s Happening: Lulus Fashion Lounge posted downbeat quarterly results.
- What Lulu's Fashion Lounge Does: Lulus Fashion Lounge Holdings Inc is a fashion brand serving Millennial and Gen Z women.
- The Trade: Kingstone Companies, Inc. (NASDAQ: KINS) Chief Operating Officer Meryl S Golden acquired a total of 5,996 shares at an average price of $1.75. The insider spent around $10,469.
- What’s Happening: Kingstone Companies posted a wider-than-expected quarterly loss.
- What Kingstone Companies Does: Kingstone Companies Inc is a multi-line regional property and casualty insurance holding company. It offers insurance policies to small and mid-sized businesses as well as to individuals.
- The Trade: ReWalk Robotics Ltd. (NASDAQ: RWLK) CFO Michael Lawless acquired a total of 15,051 shares at an average price of $0.62. To acquire these shares, it cost around $9,281.
- What’s Happening: ReWalk Robotics posted downbeat quarterly results.
- What ReWalk Robotics Does: ReWalk Robotics Ltd is an Israel based medical device company.
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