$5M Bet On Minerva Surgical? Check Out These 4 Penny Stocks Insiders Are Buying

The Dow Jones closed higher by around 170 points on Friday. 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.

Minerva Surgical

• The Trade: Minerva Surgical, Inc. UTRS 10% owner Scott Sandell bought a total of 24,437,927 shares at an average price of $0.20. To acquire these shares, it cost around $5 million.
• What’s Happening: Minerva Surgical recently announced a $30 million private placement of common stock led by Accelmed Partners.
• What Minerva Surgical Does: Minerva Surgical Inc is a commercial-stage medical technology company focused on developing, manufacturing, and commercializing minimally invasive solutions to meet the distinct uterine healthcare needs of women.

Vicarious Surgical

• The Trade: Vicarious Surgical Inc. RBOT Director Philip Liang acquired a total 79,009 shares at an average price of $3.05. The insider spent around $240.74 thousand to buy those shares.
• What’s Happening: Vicarious Surgical, during November, posted Q3 adjusted loss of $0.18 per share.
• What Vicarious Surgical Does: Vicarious Surgical Inc designs a surgical robot that enables surgeons to perform minimally invasive surgery with 3D visualization and accurate control.

Check This Out: Investor Optimism Declines Slightly As Dow Drops 250 Points

Innovative Food Holdings

• The Trade: Innovative Food Holdings, Inc. IVFH 10% owner JCP Investment Holdings, LLC acquired a total of 360,000 shares at an average price of $0.25. To acquire these shares, it cost around $90 thousand.
• What’s Happening: Innovative Food said Bill Bennett will join the Company as its new Chief Executive Officer.
• What Innovative Food Holdings Does: Innovative Food Holdings Inc, through its subsidiaries, is engaged in the distribution of perishables and specialty food products.

Don’t forget to check out our premarket coverage here

Castellum

• The Trade: Castellum, Inc. CTM 10% owner Jay Wright acquired a total of 75,000 shares at an average price of $0.20. The insider spent $15 thousand to buy those shares.
• What’s Happening: Castellum recently announced the award of NAVAIR contract for ALRE V2MMS.
• What Castellum Does: Castellum Inc, formerly BioNovelus Inc is engaged in acquiring and growing technology companies in the areas of information technology and cybersecurity with businesses in the public (government) and private (commercial) markets.