Citizens And 2 Other Penny Stocks Insiders Are Buying

The Dow Jones closed slightly higher on Thursday. 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.

Citizens

• The Trade: Citizens, Inc. CIA Director Keith James Morgan acquired a total of 15,000 shares an average price of $2.90. To acquire these shares, it cost around $43,562.
• What’s Happening: The company said net income increased to $6.1 million in the second quarter.
• What Citizens Does: Citizens Inc is an insurance holding company serving the life insurance needs of individuals in the United States.

Rapid Micro Biosystems

• The Trade: Rapid Micro Biosystems, Inc. RPID President and CEO Robert G. Spignesi, Jr. acquired a total of 34,000 shares at an average price of $0.92. The insider spent around $31,446.
• What’s Happening: Rapid Micro Biosystems reported a narrower-than-expected second-quarter loss.
• What Rapid Micro Biosystems Does: Rapid Micro Biosystems Inc is an life sciences technology company providing mission critical automation solutions to facilitate the efficient manufacturing and fast, safe release of healthcare products such as biologics, vaccines, cell and gene therapies, and sterile injectables.

Advantage Solutions

• The Trade: Advantage Solutions Inc. ADV CEO David Peacock acquired a total of 50,000 shares at an average price of $2.65. To acquire these shares, it cost around $132,570.
• What’s Happening: Advantage Solutions posted a loss for the second quarter.
• What Advantage Solutions Does: Advantage Solutions Inc is the provider of outsourced sales and marketing solutions to consumer goods companies and retailers.

Check This Out: Top 5 Materials Stocks You May Want To Dump This Month

Don’t forget to check out our premarket coverage here