Over $5M Bet On Porch Group? Check Out These 3 Penny Stocks Insiders Are Buying

The Dow Jones closed lower by more than 150 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.

OLB Group

• The Trade: The OLB Group, Inc. OLB 10% owner John E Herzog bought a total of 18,000 shares at an average price of $0.91. To acquire these shares, it cost around $16.3 thousand.
• What’s Happening: OLB Group recently regained compliance with Nasdaq listing rule.
• What OLB Group Does: The OLB Group Inc is a diversified fintech e-commerce merchant services provider and Bitcoin crypto mining enterprise.

Porch Group

• The Trade: Porch Group, Inc. PRCH 10% owner Park West Asset Management LLC acquired a total 2,172,844 shares at an average price of $2.47. The insider spent around $5.36 million to buy those shares.
• What’s Happening: The company, during November, posted a wider-than-expected quarterly loss.
• What Porch Group Does: Porch Group Inc provides vertical software platforms and services to home service industries.

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Vapotherm

• The Trade: Vapotherm, Inc. VAPO VP, Controller and CAO Dorota McKay acquired a total of 19,047 shares at an average price of $1.05. To acquire these shares, it cost around $20 thousand.
• What’s Happening: Vapotherm recently reported a $23 million private placement.
• What Vapotherm Does: Vapotherm Inc is a medical technology company based in the United States.

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