The Dow Jones closed lower by over 100 points 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.
NN
- The Trade: NN, Inc. NNBR 10% owner Hjalmar Eric Soderlund acquired a total 90,000 shares an average price of $1.25. To acquire these shares, it cost around $112.07 thousand.
- What’s Happening: NN posted weaker-than-expected first-quarter 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.
Stryve Foods
- The Trade: Stryve Foods, Inc. SNAX CEO Christopher J Boever acquired a total of 65,000 shares at an average price of $0.49. The insider spent around $31.8 thousand to buy those shares. The company’s other Directors also purchased the company’s shares.
- What’s Happening: Stryve Foods posted a narrower-than-expected first-quarter loss.
- What Stryve Foods Does: Stryve Foods Inc is focused on manufacturing and marketing highly differentiated healthy snacks that disrupt traditional snacking categories.
P3 Health Partners
- The Trade: P3 Health Partners Inc. PIII 10% owner CPF III-A PT SPV, LLC acquired a total of 270,000 shares at an average price of $3.43. To acquire these shares, it cost around $926.24 thousand.
- What’s Happening: P3 Health Partners posted better-than-expected quarterly earnings.
- What P3 Health Partners Does: P3 Health Partners Inc is a patient-centered and physician-led population health management company.
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