BitNile Holdings And 2 Other Penny Stocks Insiders Are Aggressively Buying

The Nasdaq Composite traded lower by around 225 points on Friday. 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.3

BitNile Holdings

• The Trade: BitNile Holdings, Inc. NILE Executive Chairman Milton C. Ault III acquired a total of 135,000 shares at an average price of $0.36. To acquire these shares, it cost around $48.91 thousand.
• What’s Happening: BitNile's subsidiary, TurnOnGreen, was recently awarded State, Federal, and Utility certifications for its electric vehicle chargers.
• What BitNile Holdings Does: BitNile Holdings Inc is a diversified holding company owning subsidiaries engaged in commercial and defence solutions, commercial lending, and data centre operations in North America, Europe, the Middle East, and internationally.

Bespoke Extracts

• The Trade: Bespoke Extracts, Inc. BSPK CEO Michael Feinsod acquired a total of 8,000,000 shares at an average price of $0.01. The insider spent around $40 thousand to buy those shares.
• What’s Happening: The company’s stock jumped around 17% over the past five days.
• What Bespoke Extracts Does: Bespoke Extracts Inc is focused on selling its proprietary line of specially-formulated, premium quality, hemp-derived CBD products.

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ADM Endeavors

• The Trade: ADM Endeavors, Inc. ADMQ CEO Marc Johnson acquired a total of 66,000 shares at an average price of $0.04. To acquire these shares, it cost around $2.92 thousand.
• What’s Happening: The company’s stock dropped around 45% over the past six months.
• What ADM Endeavors Does: ADM Endeavors Inc operates a diverse vertical integrated business in the Dallas/Fort Worth area, consisting of a retail sales division, screenprint production, embroidery production, digital production, import wholesale sourcing, and uniforms.