$8M Bet On Vicarious Surgical? Check Out These 3 Penny Stocks Insiders Are Aggressively Buying

The Dow Jones closed lower by around 200 points on Wednesday. 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.

Container Store Group

• The Trade: The Container Store Group, Inc. TCS Chief Operating Officer Dhritiman Saha acquired a total of 5,000 shares an average price of $2.54. To acquire these shares, it cost around $12,700.
• What’s Happening: Container Store reported worse-than-expected first-quarter financial results.
• What Container Store Group Does: The Container Store Group Inc is a U.S. based specialty retailer of storage and organization products and solutions. It offers a collection of multifunctional and customizable storage and organization solutions.

Xeris Biopharma Holdings

• The Trade: Xeris Biopharma Holdings, Inc. XERS Director Paul Edick acquired a total of 10,000 shares at an average price of $2.38. The insider spent around $23,794.
• What’s Happening: Xeris Biopharma reported a wider-than-expected second-quarter loss.
• What Xeris Biopharma Holdings Does: Xeris Biopharma Holdings Inc is a biopharmaceutical company developing and commercializing unique therapies for patient populations in endocrinology, neurology, and gastroenterology.

Vicarious Surgical

• The Trade: Vicarious Surgical Inc. RBOT 10% owner Vinod Khosla acquired a total of 8,000,000 shares at an average price of $1.00. To acquire these shares, it cost around $8 million.
• What’s Happening: Vicarious Surgical priced its underwritten public offering of 45 million shares of Class A common stock at $1.00 per share, with a 30-day option for underwriters to purchase an additional 6.75 million shares.
• What Vicarious Surgical Does: Vicarious Surgical Inc designs a surgical robot that enables surgeons to perform minimally invasive surgery with 3D visualization and accurate control.

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