The Dow Jones closed lower by around 10 points on Thursday. 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.

Kirkland's

• The Trade: Kirkland's, Inc. (NASDAQ:KIRK) President, COO Amy E. Sullivan acquired a total of 2,847 shares an average price of $1.76. To acquire these shares, it cost around $4,999.
• What’s Happening: Kirkland's reported weaker-than-expected second-quarter FY23 results.
• What Kirkland's Does: Kirkland's Inc is a specialty retailer of home decor and gifts in the United States.

Vivani Medical

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Lixte Biotechnology Holdings

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