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: Alimera Sciences, Inc. ALIM Director James R Largent acquired a total of 10000 shares at an average price of $4.31. The insider spent $43,090.00 to buy those shares.
What’s Happening: The company, last week, posted a wider-than-expected quarterly loss.
What Alimera Sciences Does: Alimera Sciences Inc is a pharmaceutical company focused on commercializing and developing treatments that address diseases affecting the back of the eye (retina).
The Trade: ServiceSource International, Inc. SREV 10% owner Jonathan Brolin acquired a total of 240000 shares shares at an average price of $1.30. The insider spent $311,550.00 to buy those shares.
What’s Happening: The company recently reported upbeat quarterly sales.
What ServiceSource International Does: ServiceSource International is a provider of customer and revenue lifecycle management solutions. The firm operates in a single segment which is focused on service offerings that integrate data, processes and cloud technologies.
The Trade: PHX Minerals Inc. PHX 10% owner Jonathan Brolin acquired a total of 12593 shares at an average price of $3.05. To acquire these shares, it cost $38,389.42.
What’s Happening: PHX Minerals recently sold a package of 499 non-operated legacy working interest wellbores located in the Fayetteville Shale of Arkansas to an undisclosed buyer for $2,125,000.
What PHX Minerals Does: PHX Minerals, previously Panhandle Oil & Gas, is an oil and natural gas mineral company that has employed a strategy to shift the core of its business away from drilling and toward perpetual mineral and natural gas ownership.
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