Executives Buying These 3 Penny Stocks

Although the yield on the benchmark 10-year Treasury note rose to 1.92% on Monday, the highest in two years, there were a few notable insider trades.

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.

BitNile Holdings

• The Trade: BitNile Holdings, Inc. (NYSE:NILE) Executive Chairman Milton C. Ault III acquired a total of 10,000 shares at an average price of $0.93. To acquire these shares, it cost $9.26 thousand.
• What’s Happening: BitNile recently issued an unaudited update on Bitcoin production and miner installation.
• What BitNile Does: BitNile Holdings Inc is engaged in providing Bitcoin mining, data center operations, and decentralized finance (DeFi) initiatives.

Crexendo

• The Trade: Crexendo, Inc. (NASDAQ:CXDO) CEO Steven G Mihaylo acquired a total of 3,000 shares at an average price of $4.14. The insider spent $12.41 thousand to buy those shares.
• What’s Happening: Crexendo was recently awarded 2021 TMC Labs Innovation Award.
• What Crexendo Does: Crexendo Inc is a provider of cloud communications, UCaaS, call center, collaboration services, and other cloud business services.

Also check this: Executives Buy More Than $28M Of 4 Stocks

RENN Fund

• The Trade: RENN Fund, Inc. (NYSE:RCG) President and CEO Murray Stahl acquired a total of 692 shares at an average price of $2.27. To acquire these shares, it cost $1.57 thousand.
• What’s Happening: RENN Fund recently reported results of rights offering.
• What RENN Fund Does: RENN Fund Inc is active in the financial services domain. It is a closed-end management investment company formed with the objective of providing long-term capital appreciation by investing substantially in privately placed convertible and equity securities of emerging growth companies traded on the United States securities exchanges.