3 Stocks Under $1 Insiders Are Buying

The Nasdaq Composite dropped by more than 500 points on Monday. 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

Rigel Pharmaceuticals

  • The Trade: Rigel Pharmaceuticals, Inc. RIGL CEO, President Raul Rodriguez acquired a total of 1,000,000 shares at an average price of $0.69. To acquire these shares, it cost $688.4 thousand.
  • What’s Happening: Rigel Pharmaceuticals recently announced data from the FORWARD Phase 3 clinical trial of Fostamatinib did not demonstrate statistical significance in the primary efficacy endpoint.
  • What Rigel Pharmaceuticals Does: Rigel Pharmaceuticals Inc develops small-molecule drugs for autoimmune, cancer-related, and viral diseases. The firm's lead drug is an oral rheumatoid arthritis drug candidate that has been licensed to AstraZeneca.

Recruiter.com Group

  • The Trade: Recruiter.com Group, Inc. RCRT President and COO Miles Jennings acquired a total of 3,000 shares at an average price of $0.91. The insider spent around $2.73 thousand to buy those shares.
  • What’s Happening: Recruiter.Com Group, last month, posted a Q1 loss of $0.28 per share.
  • What Recruiter.com Group Does: Recruiter.Com Group Inc is a hiring platform for the network of recruiters. The company empowers businesses to recruit specialized talent faster with virtual teams of recruiters and AI job-matching technology.

Also check this: Royal Caribbean Cruises And 2 Other Stocks Insiders Are Buying

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

Creatd

  • The Trade: Creatd, Inc. CRTD Executive Chairman Jeremy Frommer acquired a total of 1,031 shares at an average price of $0.90. To acquire these shares, it cost around $927.9.
  • What’s Happening: Creatd recently issued an update on its 2022 slate of three production projects.
  • What Creatd Does: Creatd Inc empowers creators, brands, and entrepreneurs through technology and partnership. The company has three platforms, namely Creatd Labs, Creatd Ventures, and Creatd Partners.

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.