Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
The Dow Jones closed higher by more than 100 points on Tuesday. 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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Trinity Place Holdings
- The Trade: Trinity Place Holdings Inc. (NASDAQ:TPHS) President and CEO Matthew Messinger bought a total of 1,212 shares at an average price of $0.84. To acquire these shares, it cost around $1.02 thousand.
- What’s Happening: The company’s stock gained 23% over the previous month.
- What Trinity Place Does: Trinity Place Holdings Inc is a real estate holding, investment, and asset management company.
Clear Channel Outdoor Holdings
- The Trade: Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) 10% owner Ares Partners Holdco LLC acquired a total of 1,230,000 shares at an average price of $1.57. The insider spent around $1.93 million to buy those shares.
- What’s Happening: Clear Channel Outdoor, last month, agreed to sell its Switzerland business to Goldbach Group, an affiliate of TX Group, for $92.7 million.
- What Clear Channel Outdoor Does: Clear Channel Outdoor Holdings Inc is one of the world's largest outdoor advertising companies.
Check This Out: Top 5 Defensive Stocks That May Plunge
Applied Digital
- The Trade: Applied Digital Corporation (NASDAQ:APLD) CEO, Chairman Wes Cummins acquired a total of 25,000 shares at an average price of $2.33. To acquire these shares, it cost around $58.25 thousand.
- What’s Happening: Applied Blockchain recently posted a narrower-than-expected Q2 loss.
- What Applied Digital Does: Applied Blockchain Inc is an Ethereum and altcoin mining company.
Don’t forget to check out our premarket coverage here
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.