Benzinga - by Lisa Levin, Benzinga Editor.
The Dow Jones closed lower by close to 300 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.
Plus Therapeutics
- The Trade: Plus Therapeutics, Inc (NASDAQ: PSTV) Director Howard Clowes acquired a total of 6,993 shares an average price of $1.43. To acquire these shares, it cost around $10,022.
- What’s Happening: Plus Therapeutics announced a licensing agreement with Biocept.
- What Plus Therapeutics Does: Plus Therapeutics Inc is a clinical-stage pharmaceutical company. The company focused on the discovery, development, and delivery of complex and innovative treatments for patients battling cancer and rare diseases.
- The Trade: Blend Labs, Inc. (NYSE: BLND) Head of Finance and Admin. Amir Jafari acquired a total of 14,369 shares at an average price of $1.19. The insider spent around $17,125.
- What’s Happening: Blend Labs reported better-than-expected second-quarter financial results and issued third-quarter consolidated revenue guidance.
- What Blend Labs Does: Blend Labs Inc is a cloud-based platform software platform that powers the digital interface between financial services firms and consumers.
- The Trade: Bimini Capital Management, Inc. (OTC: BMNM) CFO G. Hunter Haas IV acquired a total of 9,354 shares at an average price of $0.93. To acquire these shares, it cost around $8,694.
- What’s Happening: The company posted second-quarter net income of $0.3 million, or 3 cents per share.
- What Bimini Capital Management Does: Bimini Capital Management Inc is a specialty finance company that operates in two reportable segments, The asset management segment includes the investment advisory services provided by Bimini Advisors to Orchid and Royal Palm.
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