The Dow Jones closed lower by over 300 points on Wednesday. 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.
Tecogen
- The Trade: Tecogen Inc. (OTC:TGEN) Director Earl R Lewis acquired a total of 25,000 shares an average price of $0.91. To acquire these shares, it cost around $22,750.
- What’s Happening: Tecogen announced the signing of a $1.5 million Credit Agreement.
- What Tecogen Does: Tecogen Inc, designs, manufactures, markets, and maintains high efficiency, ultra-clean cogeneration products.
Modular Medical
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