The Dow Jones closed lower on Wednesday following the Fed’s interest rate decision. 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.
CURO Group Holdings
- The Trade: CURO Group Holdings Corp. CURO CEO Douglas Clark acquired a total 20,000 shares an average price of $1.60. To acquire these shares, it cost around $31.99 thousand.
- What’s Happening: CURO Group is expected to report its first quarter 2023 financial results on May 10, 2023.
- What CURO Group Holdings 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.
NN
- The Trade: NN, Inc. NNBR 10% owner Hjalmar Eric Soderlund acquired a total of 42,063 shares at an average price of $1.02. The insider spent around $43.04 thousand to buy those shares.
- What’s Happening: NN opened a state-of-the-art 50,000+ square foot facility in São Paulo, Brazil.
- 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.
ENDRA Life Sciences
- The Trade: ENDRA Life Sciences Inc. NDRA Director Anthony Digiandomenico acquired a total of 83,333 shares at an average price of $1.20. To acquire these shares, it cost around $100 thousand.
- What’s Happening: ENDRA recently announced it has priced an underwritten public offering.
- What ENDRA Life Sciences Does: ENDRA Life Sciences Inc is engaged in the development of Thermo Acoustic Enhanced UltraSound (TAEUS) to visualize tissue like MRI but at 1/50th the cost and at the point of patient care.
Check This Out: Apple, Kellogg And 3 Stocks To Watch Heading Into Thursday
Don’t forget to check out our premarket coverage here
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.