Benzinga - by Avi Kapoor, Benzinga Staff Writer.
The Dow Jones index closed higher by over 150 points on Monday. 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.
Socket Mobile
- The Trade: Socket Mobile, Inc. (NASDAQ:SCKT) Director Charlie Bass bought a total of 10,000 shares at an average price of $1.10. To acquire these shares, it cost around $11,047.
- What's Happening: On May 1, Socket Mobile posted better-than-expected quarterly sales.
- What Socket Mobile Does: Socket Mobile Inc is a producer of data capture products.
- The Trade: Sabre Corporation (NASDAQ:SABR) EVP and CFO Michael O Randolfi acquired a total of 50,000 shares at an average price of $2.98. To acquire these shares, it cost around $148,750.
- What's Happening: On May 2, Sabre reported better-than-expected first-quarter results and updated FY24 revenue outlook.
- What Sabre Does: Sabre holds the number-two air booking volume share in the global distribution system industry.
- The Trade: GrafTech International Ltd. (NYSE:EAF) Director Earl R Lewis acquired a total of 533,009 shares at an average price of $1.77. The insider spent around $944,599 to buy those shares.
- What's Happening: On April 26, GrafTech International reported better-than-expected first-quarter financial results.
- What GrafTech International Does: GrafTech International Ltd is a manufacturer of high-quality graphite electrode products essential to the production of EAF steel and other ferrous and non-ferrous metals.
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