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.
EVmo
The Trade: EVmo, Inc. YAYO Director John Patrick O'Neill acquired a total of 10000 shares shares at an average price of $1.67. The insider spent $16,700.00 to buy those shares.
What’s Happening: EVmo recently reported closing of $15 million debt financing to drive fleet and market expansion.
What EVmo Does: EVmo is a technology-related car rental company.
Ault Global
The Trade: Ault Global Holdings, Inc. DPW Executive Chairman Milton C. Ault III acquired a total of 30000 shares shares at an average price of $2.41. The insider spent $72,435.00 to buy those shares.
What’s Happening: DPW recently reported adjournment of annual shareholder meeting due to lack of quorum.
What Ault Global Does: Ault Global Holdings is a diversified holding company owning subsidiaries engaged in commercial and defense solutions, commercial lending and advanced textile technology.
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