OPKO Health And 2 Other Penny Stocks Insiders Are Aggressively Buying

The Dow Jones closed lower on Monday after recording sharp gains 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.

Fomo Worldwide

• The Trade: Fomo Worldwide, Inc. FOMC CEO, Director Vikram P Grover acquired a total 125,215,481 shares an average price of $0.03. To acquire these shares, it cost around $4.08 million.
• What’s Happening: FOMO WORLDWIDE agreed to acquire Brookwood Media Arts, Inc., a pioneer in the field of custom content creation and management services.
• What Fomo Worldwide Does: Fomo Worldwide Inc is focused on business incubation and acceleration. It invests in and advises emerging companies.

OPKO Health

• The Trade: OPKO Health, Inc. OPK Chief Innovation Officer Gary Nabel acquired a total of 460,245 shares at an average price of $1.83. The insider spent around $840.9 thousand to buy those shares.
• What’s Happening: OPKO Health posted better-than-expected quarterly results.
• What OPKO Health Does: OPKO Health Inc is a diversified biotechnology company that operates pharmaceutical and diagnostic development programs.

iHeartMedia

• The Trade: iHeartMedia, Inc. IHRT Chairman and CEO Robert W Pittman acquired a total of 88,028 shares at an average price of $2.88. To acquire these shares, it cost around $253.44 thousand.
• What’s Happening: iHeartMedia posted upbeat quarterly sales.
• What iHeartMedia Does: iHeartMedia Inc is a US-based diversified media and entertainment company. It operates through the segments of the Multiplatform Group, the Digital Audio Group, and the Audio & Media Services Group.

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