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Xos, SeaChange International And This Penny Stock Insiders Are Aggressively Buying

Published 10/01/2023, 14:29
Updated 10/01/2023, 15:40
© Reuters. Xos, SeaChange International And This Penny Stock Insiders Are Aggressively Buying

Benzinga - The Dow Jones closed lower 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.

SeaChange International

  • The Trade: SeaChange International, Inc. (NASDAQ: SEAC) 10% owner Karen Singer bought a total of 178,115 shares at an average price of $0.49. To acquire these shares, it cost around $87.1 thousand.
  • What’s Happening: SeaChange launched the Xstream Platform, a content monetization platform designed to maximize ad revenue on connected TVs.
  • What SeaChange International Does: SeaChange International Inc is a provider of multiscreen video solutions for television service providers, telecommunications companies, satellite operators, and media companies.

Power Solutions International

  • The Trade: Power Solutions International, Inc. (OTC: PSIX) 10% owner Neil Gagnon acquired a total of 5,872 shares at an average price of $3.00. The insider spent around $17.62 thousand to buy those shares.
  • What’s Happening: Power Solutions International, last month, announced extension to $50 million shareholder loan agreement with Weichai America.
  • What Power Solutions International Does: Power Solutions International Inc is an America-based company that manufactures, distributes, and services power systems that primarily run on nondiesel fuels, including natural gas, propane, and gasoline.
Check This Out: US Stocks Close Mixed, Market Volatility Increases

Xos

  • The Trade: Xos, Inc. (NASDAQ: XOS) CEO Dakota Semler acquired a total of 250,189 shares at an average price of $0.88. To acquire these shares, it cost around $220.28 thousand.
  • What’s Happening: Xos, on December 28, received a deficiency letter from listing qualifications department of Nasdaq.
  • What Xos Does: Xos Inc is an electric mobility company. It designs and develops fully electric battery mobility systems specifically for commercial fleets.
Don’t forget to check out our premarket coverage here

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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