The Dow Jones closed higher by over 40 points on Friday. 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.

Diversified Healthcare Trust

• The Trade: Diversified Healthcare Trust (NASDAQ:DHC) Director Adam D Portnoy acquired a total 5,995,200 shares an average price of $2.45. To acquire these shares, it cost around $14.72 million.
• What’s Happening: Diversified Healthcare posted better-than-expected quarterly sales.
• What Diversified Healthcare Trust Does: Diversified Healthcare Trust is a real estate investment trust that focuses on healthcare-related properties, including life science estates, medical offices, and senior living communities.

Star Equity Holdings

Adverum Biotechnologies

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