5 Penny Stocks Insiders Are Buying

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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.

Mitesco

  • The Trade: Mitesco, Inc. MITI CEO Lawrence M Diamond acquired a total of 21000 shares at an average price of $0.17. To acquire these shares, it cost $3,570.00.
  • What’s Happening: The company’s stock has jumped around 500% since the start of the year.
  • What Mitesco Does: Mitesco Inc is a public, development stage company who acquires and implements technologies and services to improve the quality of care, reduce cost, and enhance consumer convenience.

Broad Street Realty

  • The Trade: Broad Street Realty, Inc. BRST CEO Michael Z Jacoby acquired a total of 22500 shares at an average price of $2.56. The insider spent $57,675.00 to buy those shares.
  • What’s Happening: The company’s shares dropped around 15% over the previous month.
  • What Broad Street Realty Does: Broad Street Realty Inc is a fully integrated real estate company that owns, operates, develops, and redevelops primarily grocery-anchored shopping centers and street retail-based properties in the Mid-Atlantic and Denver, Colorado markets.

Caribou Biosciences

  • The Trade: Caribou Biosciences, Inc. CRBU Chief Legal Officer Barbara McClung acquired a total of 6127 shares at an average price of $2.69. To acquire these shares, it cost $16,481.63.
  • What’s Happening: Oppenheimer initiated coverage on the stock with an Outperform rating and announced a $36 price target.
  • What Caribou Biosciences Does: Caribou Biosciences Inc is a clinical-stage biopharmaceutical company dedicated to transforming the lives of patients with devastating diseases by applying its novel CRISPR platform, CRISPR hybrid RNA-DNA (chRDNA), toward the development of next-generation, genome-edited cell therapies.
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ARC Document Solutions

  • The Trade: ARC Document Solutions, Inc. ARC Chairman, President and CEO Kumarakulasingam Suriyakumar acquired a total of 59835 shares at an average price of $2.92. The insider spent $174,658.88 to buy those shares.
  • What’s Happening: ARC, last month, reported continuing strength in Q3 sales, EPS and EBITDA.
  • What ARC Document Solutions Does: ARC Document Solutions Inc is a global document solutions provider. The company's service offerings include managed print services (MPS), offsite services, archive and information management ( AIM), specialized color printing, Web-based document management applications, and equipment and supplies sales.

Charles & Colvard

  • The Trade: Charles & Colvard, Ltd. CTHR Director Ollin Sykes acquired a total of 16990 shares shares at an average price of $2.78. The insider spent $47,232.20 to buy those shares.
  • What’s Happening: The company, last month, posted upbeat quarterly results.
  • What Charles & Colvard Does: Charles & Colvard Ltd manufactures, markets and distributes finished jewellery which also includes moissanite gemstone in the jewellery market.
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