Over $2.5M Bet On This Healthcare Stock? Check Out These 3 Penny Stocks Insiders Are Aggressively Buying

The Dow Jones closed lower by over 200 points on Tuesday. 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.

Bioventus

• The Trade: Bioventus Inc. BVS Director John Bartholdson acquired a total 1,315,673 shares an average price of $1.96. To acquire these shares, it cost around $2.57 million.
• What’s Happening: Bioventus posted better-than-expected first-quarter sales.
• What Bioventus Does: Bioventus Inc is a medical technology company. The company is engaged in developing and commercializing clinically differentiated treatments that engage and enhance the body's natural healing process.

Vintage Wine Estates

• The Trade: Vintage Wine Estates, Inc. VWE Director Jonathan Sebastiani acquired a total of 63,300 shares at an average price of $1.21. The insider spent around $76.32 thousand to buy those shares.
• What’s Happening: Vintage Wine Estates posted better-than-expected second-quarter earnings.
• What Vintage Wine Estates Does: Vintage Wine Estates Inc is a family of wineries and wines whose singular focus is producing the finest quality wines and incredible customer experiences with wineries throughout Napa, Sonoma, California's Central Coast, Oregon, and Washington State.

• Cronos Group

• The Trade: Cronos Group Inc. CRON Director Jason M. Adler acquired a total of 100,000 shares at an average price of $0.90. To acquire these shares, it cost around $189.01 thousand. The company’s other Directors also purchased the company’s shares.
• What’s Happening: Cronos Group released its 2023 first quarter business results, revealing net revenue of $20.1 million, a decrease of 19.5% compared to $25 million in the year-ago period.
• What Cronos Group Does: Cronos Group, headquartered in Toronto, Canada cultivates and sells medicinal and recreational cannabis through its medicinal brand, Peace Naturals, and its two recreational brands, Cove and Spinach.

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