The Dow Jones closed lower by over 180 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.

TeraWulf

• The Trade: TeraWulf Inc. (NASDAQ:WULF) Director Walter E Carter acquired a total 5,488 shares an average price of $1.36. To acquire these shares, it cost around $7,480.
• What’s Happening: TeraWulf reported June 2023 production and operations updates.
• What TeraWulf Does: TeraWulf Inc is a digital asset technology company with a core business of sustainable bitcoin mining.

HOOKIPA Pharma

• The Trade: HOOKIPA Pharma Inc. (NASDAQ:HOOK) CEO Jorn Aldag acquired a total of 5,000 shares at an average price of $0.89. The insider spent around $4,450.
• What’s Happening: RBC Capital recently reiterated HOOKIPA Pharma with an Outperform and maintained a $7 price target.
• What HOOKIPA Pharma Does: HOOKIPA Pharma Inc is a clinical stage biopharmaceutical company developing a class of immunotherapeutics targeting infectious diseases and cancers based on its proprietary arenavirus platform that is designed to reprogram the body's immune system.

Vince Holding

• The Trade: Vince Holding Corp. (NYSE:VNCE) Director Michael Mardy acquired a total of 1,000 shares at an average price of $2.94. To acquire these shares, it cost around $2,940.
• What’s Happening: Vince Holding recently announced CFO transition, named Michael Hand as interim CFO.
• What Vince Holding Does: Vince Holding Corp is a fashion brand that is engaged in wholesale and retail delivery of luxury essentials like women's and men's apparel, women's and men's footwear, and handbags.

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