$1.8M Bet On This Tech Stock? Check Out These 3 Penny Stocks Insiders Are Aggressively Buying

The Dow Jones closed lower on Thursday, after recording gains for 13 straight sessions in a row. 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.

  • Massive Demand & Disruptive Potential – Boxabl has received interest for over 190,000 homes, positioning itself as a major disruptor in the housing market.
  • Revolutionary Manufacturing Approach – Inspired by Henry Ford’s assembly line, Boxabl’s foldable tiny homes are designed for high-efficiency production, making homeownership more accessible.
  • Affordable Investment Opportunity – With homes priced at $60,000, Boxabl is raising $1 billion to scale production, offering investors a chance to own a stake in its growth.
Share Price: $0.80
Min. Investment: $1,000
Valuation: $3.5B

Mobivity Holdings

  • The Trade: Mobivity Holdings Corp. MFON Director Thomas B Akin acquired a total of 1,485,648 shares an average price of $1.21. To acquire these shares, it cost around $1.79 million.
  • What’s Happening: Mobivity announced the departure of CEO Dennis Becker.
  • What Mobivity Holdings Does: Mobivity Holdings Corp develops and operates proprietary platforms over which enterprises conduct data-driven mobile marketing campaigns.

RENN Fund

  • The Trade: RENN Fund, Inc. RCG President and CEO Murray Stahl acquired a total of 419 shares at an average price of $1.85. The insider spent around $775.
  • What’s Happening: RENN Fund shares declined around 4% over the past six months.
  • What RENN Fund Does: RENN Fund Inc is active in the financial services domain. It is a closed-end management investment company formed with the objective of providing long-term capital appreciation by investing substantially in privately placed convertible and equity securities of emerging growth companies traded on the United States securities exchanges.

iCoreConnect

  • The Trade: iCoreConnect Inc. ICCT CEO and President Robert P McDermott acquired a total of 5,156,944 shares at an average price of $0.10. To acquire these shares, it cost around $81,545.
  • What’s Happening: The company recently announced its first quarter 2023 results.
  • What iCoreConnect Does: iCoreConnect Inc develops and markets secure cloud-based HIPAA compliant software services focused on compliance, workflow/productivity, and electronic health records systems.

 

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