3 Stocks Under $3 Insiders Are Aggressively Buying

The Nasdaq Composite dropped by more than 400 points on Friday. Investors, meanwhile, focused on some 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.3

Carrols Restaurant Group

  • The Trade: Carrols Restaurant Group, Inc. TAST President and CEO Paulo A Pena acquired a total of 21,275 shares at an average price of $2.35. To acquire these shares, it cost $49.96 thousand.
  • What’s Happening: Carrols Restaurant, last month, reported first-quarter FY22 sales growth of 2.4% year-on-year to $399.48 million, missing the consensus of $402.37 million.
  • What Carrols Restaurant Group Does: Carrols Restaurant Group Inc is a restaurant company. It owns and operates Burger King restaurants in the Northeastern, Midwestern, and Southeastern United States.

Cytosorbents

  • The Trade: Cytosorbents Corporation CTSO CEO Phillip P Chan acquired a total of 16,000 shares at an average price of $2.17. The insider spent around $34.78 thousand to buy those shares.
  • What’s Happening: CytoSorbents recently announced a partnership with Nikkiso to distribute the PureADJUST hemoperfusion blood pump and supplies in 14 countries.
  • What Cytosorbents Does: CytoSorbents Corp is a critical care immunotherapy leader commercializing its European Union approved CytoSorb blood purification technology to treat deadly inflammation in critically ill and cardiac surgery patients in around 55 countries.

Also check this: Insiders Buy More Than $15M Of 3 Stocks

Don’t forget to check out our premarket coverage here .

WidePoint

  • The Trade: WidePoint Corporation WYY Director Philip N Garfinkle acquired a total of 2,000 shares at an average price of $2.84. To acquire these shares, it cost around $5.68 thousand.
  • What’s Happening: WidePoint, last month, posted a Q1 loss of $0.04 per share.
  • What WidePoint Does: WidePoint Corp is a provider of trusted mobility management (TM2) that offers federally certified communications management, identity management, and interactive bill presentment and analytics solutions.

Posted In: Penny Stocks Insider BuyingLong IdeasNewsPenny StocksInsider TradesMarketsTrading 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.