TRACON Pharmaceuticals And 2 Other Stocks Under $2 Insiders Are Aggressively Buying

The Dow Jones jumped by over 400 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

TRACON Pharmaceuticals

• The Trade: TRACON Pharmaceuticals, Inc. TCON President and CEO Charles Theuer bought a total of 9,200 shares at an average price of $1.52. To acquire these shares, it cost around $13.98 thousand.
• What’s Happening: TRACON is expected to report Q3 financial results on November 14, 2022.
• What TRACON Pharmaceuticals Does: TRACON Pharmaceuticals Inc is a biopharmaceutical company focused on the development and commercialization of novel targeted therapeutics for cancer and utilizing its cost efficient, contract research organization (CRO) independent product development platform to partner with ex-U.S. companies to develop and commercialize innovative products in the United States.

Aware

• The Trade: Aware, Inc. AWRE Chief Financial Officer David B. Barcelo acquired a total of 10,000 shares at an average price of $1.47. The insider spent around $14.7 thousand to buy those shares.
• What’s Happening: Aware recently reported worse-than-expected Q3 sales.
• What Aware Does: Aware Inc is a provider of software and services to the biometrics industry.

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BitNile Holdings

• The Trade: BitNile Holdings, Inc. NILE Executive Chairman Milton C. Ault III acquired a total of 265,353 shares at an average price of $0.17. To acquire these shares, it cost around $44.59 thousand.
• What’s Happening: BitNile Holdings recently issued October Bitcoin production and mining operation report.
• What BitNile 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.