The Dow Jones closed lower by over 400 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.

Pacific Health Care Organization

• The Trade: Pacific Health Care Organization, Inc. (OTC:PFHO) CEO and President Tom Kubota acquired a total of 55,000 shares an average price of $0.80. To acquire these shares, it cost around $44,000.
• What’s Happening: The company reported net income of $176,427 or $0.01 per share for the three months ended June 30, 2023.
• What Pacific Health Care Organization Does: Pacific Health Care Organization Inc is a specialty workers' compensation managed care company.

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