Over $4M Bet On Yellow Corp? Check Out These 3 Penny Stocks Insiders Are Aggressively Buying

The Dow Jones closed higher on Friday, also recording gains for the week. 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.

Yellow

• The Trade: Yellow Corporation YELL 10% owner Farhad Nanji acquired a total of 7,105,388 shares an average price of $0.61. To acquire these shares, it cost around $4.36 million.
• What’s Happening: Yellow is laying off swath of workforce, the Wall Street Journal said.
• What Yellow Does: Yellow Corp is engaged in offering transportation services. It has a comprehensive less-than-truckload (LTL) networks in North America with local, regional, national, and international capabilities.

BioRestorative Therapies

• The Trade: BioRestorative Therapies, Inc. BRTX 10% owner Dale Broadrick acquired a total of 1,000 shares at an average price of $2.80. The insider spent around $2,800.
• What’s Happening: BioRestorative Therapies announced a $2.1 million registered direct offering.
• What BioRestorative Therapies Does: BioRestorative Therapies Inc is a biotechnology company based in the United States.

1847 Holdings

• The Trade: 1847 Holdings LLC EFSH 10% owner Strategic Risk LLC acquired a total of 48,000 shares at an average price of $0.21. To acquire these shares, it cost around $10,080.
• What’s Happening: 1847 said it sees revenue of $20 million for the second quarter, representing a 54% increase year over year.
• What 1847 Holdings Does: 1847 Holdings LLC is a diversified holding company. It operates in three segments: Retail and appliances, Construction, and Automotive Supplies.

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