Erasca And 2 Other Stocks Under $3 Insiders Are Aggressively Buying

The Dow Jones closed slightly lower 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.

Superior Drilling Products

• The Trade: Superior Drilling Products, Inc. SDPI 10% owner Star Equity Holdings Inc acquired a total 65,571 shares an average price of $0.87. To acquire these shares, it cost around $57.26 thousand.
• What’s Happening: Superior Drilling reported worse-than-expected quarterly earnings.
• What Superior Drilling Products Does: Superior Drilling Products Inc is engaged in providing equipment and services to the oil and gas industry.

Vicarious Surgical

• The Trade: Vicarious Surgical Inc. RBOT Director Philip Liang acquired a total of 60,125 shares at an average price of $1.65. The insider spent around $99.15 thousand to buy those shares.
• What’s Happening: Vicarious Surgical, last month, posted a narrower-than-expected quarterly loss.
• 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.

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Erasca

• The Trade: Erasca, Inc. ERAS Chairman & CEO Jonathan Lim acquired a total of 100,000 shares at an average price of $2.84. To acquire these shares, it cost around $284 thousand.
• What’s Happening: Erasca posted a Q4 loss of $1.06 per share.
• What Erasca Does: Erasca Inc is a clinical-stage precision oncology company singularly focused on discovering, developing, and commercializing therapies for patients with RAS/MAPK pathway-driven cancers.

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