The Dow Jones index closed higher by more than 50 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.

Global Crossing Airlines Group

• The Trade: Global Crossing Airlines Group Inc. (OTC:JETMF) 10% owner Red Oak Partners, LLC acquired a total of 722,581 shares an average price of $0.38. To acquire these shares, it cost around $274,581.
• What’s Happening: On April 3, Global Crossing Airlines Group said it has been approved by the US Department of Transportation for an increase to 20 aircraft from its current authorization of 16 aircraft.
• What Global Crossing Airlines Group Does: Global Crossing Airlines Group Inc is an airline operator for both narrow and widebody aircraft around the world, utilizing the efficiencies of an Airbus A320/321 fleet.

Retractable Technologies

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RENN Fund

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