Benzinga - by Lisa Levin, Benzinga Editor.
The Dow Jones closed higher by over 100 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.
Vivani Medical
- The Trade: Vivani Medical, Inc. (NASDAQ: VANI) Director Gregg Williams acquired a total of 16,183 shares an average price of $0.93. To acquire these shares, it cost around $15,106.
- What’s Happening: Vivani Medical posted a wider-than-expected quarterly loss.
- What Vivani Medical Does: Vivani Medical Inc is a preclinical stage biopharmaceutical company. It develops miniaturized, subdermal implants utilizing its proprietary NanoPortal technology to enable long-term, near constant-rate delivery of a broad range of medicines to treat chronic diseases.
- The Trade: Bridgeline Digital, Inc. (NASDAQ: BLIN) President and CEO Roger E Kahn acquired a total of 12,598 shares at an average price of $0.90. The insider spent around $11,314.
- What’s Happening: Bridgeline Digital disclosed that a leading US printing and marketing company has renewed its enterprise-level agreement with Bridgeline's online franchise solution, TruPresence.
- What Bridgeline Digital Does: Bridgeline Digital Inc is a developer of web application management software and web applications to maximize the performance of critical websites, intranets, and online stores.
- The Trade: Movella Holdings Inc. (NASDAQ: MVLA) President and CEO Ben A Lee acquired a total of 60,000 shares at an average price of $0.81. To acquire these shares, it cost around $48,680.
- What’s Happening: Movella Holdings posted in-line loss for the second quarter.
- What Movella Holdings Does: Movella Holdings Inc is a full-stack provider of sensors, software, and analytics that enable the digitization of movement.
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Nutex Health
- The Trade: Nutex Health Inc. (NASDAQ: NUTX) CEO Thomas Vo acquired a total of 1,000,000 shares at an average price of $0.30. The insider spent $ $296,033 to buy those shares.
- What’s Happening: Nutanix reported better-than-expected results and announced a buyback.
- What Nutex Health Does: Nutex Health Inc is healthcare services and operations company with 19 hospital facilities in eight states (hospital division), and a primary care-centric, risk-bearing population health management division.