3 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.

Simply

The Trade: Simply, Inc. SIMP 10% owner Sol Verano Blocker Llc acquired a total of 321420 shares at an average price of $3.11. To acquire these shares, it cost $1,000,000.65.

What’s Happening: Simply, last month, announced the grand opening of its new Simply Mac retail store in Tuscaloosa, Alabama.

What Simply Does: Simply through its subsidiary, operates a chain of retail electronics stores and is an authorized reseller of Apple products and other high-profile consumer electronic brands.

Sharing Services Global

The Trade: Sharing Services Global Corporation SHRG 10% owner Document Security Systems Inc acquired a total of 53750 shares shares at an average price of $0.10. The insider spent $5,375.00 to buy those shares.

What’s Happening: The company’s shares have dropped over 10% since the start of the year.

What Sharing Services Global Does: Sharing Services Global is a diversified holding company specializing in the direct selling industry.

NGL Energy Partners

The Trade: NGL Energy Partners LP NGL Executive Vice President John Ciolek acquired a total of 10000 shares at an average price of $1.78. To acquire these shares, it cost $17,800.00.

What’s Happening: NGL Energy Partners, last month, appointed Linda Bridges as CFO.

What NGL Energy Partners Does: NGL Energy Partners is a US-based firm that owns and operates a vertically integrated energy business.

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.