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.
Impac Mortgage Holdings
The Trade: Impac Mortgage Holdings, Inc. IMH 10% owner Richard H Pickup acquired a total of 700000 shares at an average price of $1.28. The insider spent $896,000.00 to acquire those shares.
What’s Happening: Impac Mortgage, during August, reported a Q2 loss of $0.42 per share.
What Impac Mortgage Does: Impac Mortgage Holdings Inc is an independent residential mortgage lender. The company's segments include Mortgage Lending, Real Estate Services, and the Long-Term Mortgage Portfolio.
Super League Gaming
The Trade: Super League Gaming, Inc. SLGG Chief Commercial Officer Evan Matthew Edelman acquired a total of 10000 shares shares at an average price of $3.20. The insider spent $31,983.00 to buy those shares.
What’s Happening: Super League Gaming recently entered into asset purchase deal with Bloxbiz for $6 million.
What Super League Gaming Does: Super League Gaming Inc is an esports community and content platform. It offers a personalized experience to the large audience of gamers.
The Trade: Agile Therapeutics, Inc. AGRX 10% owner Perceptive Advisors Llc, Perceptive Life Sciences Master Fund Ltd, Joseph Edelman acquired a total of 5734560 shares at an average price of $0.85. To acquire these shares, it cost $4,874,376.00.
What’s Happening: Agile Therapeutics recently priced its $22.666 underwritten public offering at $0.85 per share.
What Agile Therapeutics Does: Agile Therapeutics Inc is a women's healthcare company to fulfill the unmet health needs of women. Its product candidates are designed to provide women with contraceptive options.
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