5 Penny Stocks Insiders Are Buying

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.


The Trade: Boxlight Corporation BOXL President Mark Starkey acquired a total of 20000 shares at an average price of $2.31. To acquire these shares, it cost $46,200.00.

What’s Happening: Boxlight recently reported better-than-expected Q2 results.

What Boxlight Does: Boxlight is an education technology company. It develops, sells and services interactive classroom solutions for the education market.

HCW Biologics

The Trade: HCW Biologics Inc. HCWB Senior Vice President of Business Development Lee Flowers acquired a total of 13458 shares shares at an average price of $4.03. The insider spent $54,225.86 to buy those shares.

What’s Happening: HCW Biologics recently reported a Q2 net loss of $2.8 million.

What HCW Biologics Does: HCW Biologics Inc is a preclinical stage biopharmaceutical company focused on discovering and developing novel immunotherapies to lengthen healthspan by disrupting the link between chronic, low-grade inflammation and age-related diseases.


The Trade: Reed's, Inc. REED Director John Bello acquired a total of 135000 shares at an average price of $0.72. To acquire these shares, it cost $97,200.00.

What’s Happening: Reed's recently reported worse-than-expected Q2 sales.

What Reed's Does: Reed's Inc sells Ginger Beer brand. The company's portfolio of handcrafted, all-natural beverages sold in over 40,000 outlets nationwide including the natural and specialty food channel, grocery stores, mass merchants, drug stores, convenience stores, club stores and on-premise locations including bars and restaurants.

Amplify Energy

The Trade: Amplify Energy Corp. AMPY Director David Proman acquired a total of 15000 shares shares at an average price of $3.36. The insider spent $50,379.00 to buy those shares.

What’s Happening: The company, earlier during the month, reported a narrower quarterly loss.

What Amplify Energy Does: Amplify Energy Corp is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties in the United States.

ReShape Lifesciences

The Trade: ReShape Lifesciences Inc. RSLS Chief Financial Officer Thomas Stankovich acquired a total of 15000 shares at an average price of $3.22. To acquire these shares, it cost $48,285.00.

What’s Happening: The company recently reported Q2 revenue of $3.5 million, up from $1.7 million in the year-ago period.

What ReShape Lifesciences Does: Reshape Lifesciences Inc is a developer of minimally invasive medical devices to treat obesity and metabolic diseases.

Posted In: Penny Stocks Insider BuyingNewsPenny StocksInsider TradesIntraday UpdateMarketsTrading Ideas

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.