5 Penny Stocks Insiders Are Buying

Annual inflation rate in the Eurozone was confirmed at a record level of 5.1% for January. Investors, meanwhile, focused on some notable insider trades.

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.

Avalo Therapeutics

• The Trade: Avalo Therapeutics, Inc. AVTX Director Steven Boyd acquired a total of 288,000 shares at an average price of $0.80. To acquire these shares, it cost $231.56 thousand.
• What’s Happening: Avalo Therapeutics recently promoted Garry Neil to Chief Executive Officer.
• What Avalo Therapeutics Does: Avalo Therapeutics Inc is a clinical-stage precision medicine company that discovers, develops, and commercializes targeted therapeutics for patients with significant unmet clinical needs in immunology, immuno-oncology, and rare genetic diseases.

LiveOne

• The Trade: LiveOne, Inc. LVO CEO and Chairman Robert S Ellin acquired a total of 50,000 shares at an average price of $0.89. The insider spent around $44.58 thousand to buy those shares.
• What’s Happening: LiveOne recently posted a Q3 loss of $0.15 per share on sales of $32.90 million.
• What LiveOne Does: LiveOne Inc, formerly LiveXLive Media Inc is the premium internet networks devoted to live music and music-related video content.

Also check this: Executives Buy Around $500M Of 4 Stocks

Marpai

• The Trade: Marpai, Inc. MRAI Director Eitan Yaron acquired a total of 10,000 shares at an average price of $2.05. To acquire these shares, it cost around $20.5 thousand.
• What’s Happening: Marpai recently raised its Q4 sales guidance.
• What Marpai Does: Marpai Inc operates as a health plan company. It offers a health plan services system that addresses the problems of healthcare past and enables companies to provide healthcare to employees.

Martin Midstream Partners

• The Trade: Martin Midstream Partners L.P. MMLP Director Ruben S Martin acquired a total of 131,002 shares at an average price of $3.02. The insider spent $395.84 thousand to buy those shares.
• What’s Happening: Martin Midstream Partners recently posted FY21 sales of $882.4 million.
• What Martin Midstream Partners Does: Martin Midstream Partners LP has a diverse set of operations focused in the United States Gulf Coast region.

American Resources

• The Trade: American Resources Corporation AREC President Thomas Sauve acquired a total of 5,000 shares at an average price of $1.99. The insider spent $9.95 thousand to buy those shares.
• What’s Happening: The company’s stock gained 13% over the past month.
• What American Resources Does: American Resources Corp is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market.