Barnwell Industries And 3 Other Stocks Under $3 Insiders Are Aggressively Buying

The Dow Jones closed higher by over 300 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.

Barnwell Industries

• The Trade: Barnwell Industries, Inc. BRN 10% owner Ned L Sherwood Revocable Trust acquired a total 169,632 shares an average price of $2.64. To acquire these shares, it cost around $447.25 thousand.
• What’s Happening: Barnwell recently reported results for its second quarter and six months ended March 31, 2023.
• What Barnwell Industries Does: Barnwell Industries Inc is an oil and gas firm. Its areas of operations include acquiring, developing, producing, and selling oil and natural gas.

Bioventus

• The Trade: Bioventus Inc. BVS Director William Hawkins acquired a total of 88,000 shares at an average price of $2.68. The insider spent around $235.57 thousand to buy those shares.
• What’s Happening: Bioventus posted downbeat quarterly earnings.
• What Bioventus Does: Bioventus Inc is a medical technology company. The company is engaged in developing and commercializing clinically differentiated treatments that engage and enhance the body's natural healing process.

Savara

• The Trade: Savara Inc. SVRA Director David Ramsay acquired a total of 100,000 shares at an average price of $2.59. To acquire these shares, it cost around $258.53 thousand.
• What’s Happening: Savara posted a wider loss for its first quarter.
• What Savara Does: Savara Inc is a biopharmaceutical company. It is focused on rare respiratory diseases.

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Near Intelligence

• The Trade: Near Intelligence, Inc. NIR Director Mark N Greene acquired a total of 26,532 shares at an average price of $1.98. The insider spent $52.59 thousand to buy those shares.
• What’s Happening: Near Intelligence posted a wider loss for its first quarter
• What Near Intelligence Does: Near Intelligence Inc is a global, full stack data intelligence software as a service platform that stitches and enriches data on people and places from which its customers can derive actionable intelligence of consumer behavior to help its customers make meaningful decisions.

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