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.
Biomx
The Trade: Biomx Inc (NYSE:PHGE) Director Paul J Sekhri acquired a total of 12500 shares shares at an average price of $4.00. The insider spent $50,000.00 to buy those shares.
What’s Happening: BiomX, last week, reported a $15 million registered direct offering. The company’s shares gained over 14% during the previous five days.
What Biomx Does: BiomX Inc is a clinical stage microbiome company based in Israel.
Energous
The Trade: Energous Corp (NASDAQ:WATT) Chief Operating Officer and Executive Vice President of Engineering Cesar Johnston acquired a total of 51297 shares. The insider also disposed a total of 25690 shares at an average price of $2.35.
What’s Happening: Energous, last week, reported weaker-than-expected results for its second quarter.
What Energous Does: Energous Corp, headquartered in San Jose, California, is a development stage technology company.
Ault Global
The Trade: Ault Global Holdings, Inc. (NYSE:DPW) Executive Chairman Milton C. Ault III acquired a total of 10000 shares shares at an average price of $2.29. The insider spent $22,898.00 to buy those shares.
What’s Happening: Ault Global recently reported adjournment of annual shareholder meeting due to lack of quorum.
What Ault Global Does: Ault Global is a diversified holding company owning subsidiaries engaged in commercial and defense solutions, commercial lending and advanced textile technology.
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