CURO Group And 2 Other Stocks Under $2 Insiders Are Aggressively Buying

The Dow Jones closed lower by around 200 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.

NN

• The Trade: NN, Inc. NNBR 10% owner Hjalmar Eric Soderlund acquired a total 490,401 shares an average price of $1.03. To acquire these shares, it cost around $506.29 thousand.
• What’s Happening: The company reported downbeat quarterly results.
• What NN Does: NN Inc is a diversified industrial company that combines engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision solutions and components.

Xos

• The Trade: Xos, Inc. XOS Director George N Mattson acquired a total of 143,888 shares at an average price of $0.55. The insider spent around $72.1 thousand to buy those shares.
• What’s Happening: Xos posted a narrower-than-expected quarterly loss.
• What Xos Does: Xos Inc is an electric mobility company. It designs and develops fully electric battery mobility systems specifically for commercial fleets.

Check This Out: Fear & Greed Index Moves To 'Neutral' Zone After Dow Drops Around 200 Points

CURO Group Holdings

• The Trade: CURO Group Holdings Corp. CURO CEO Douglas Clark acquired a total of 20,000 shares at an average price of $1.59. To acquire these shares, it cost around $31.71 thousand.
• What’s Happening: The company reported a net loss of $186.4 million on total revenue of $217.2 million for the three months ended Dec. 31, 2022.
• What CURO Group Does: CURO Group Holdings Corp is a consumer finance company serving a full spectrum of non-prime, near-prime and prime consumers in portions of the U.S. and Canada.

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