Vivani Medical And 2 Other Stocks Under $2 Insiders Are Buying

The Dow Jones closed lower by more than 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.

Vivani Medical

• The Trade: Vivani Medical, Inc. VANI Director Gregg Williams acquired a total of 21,426 shares an average price of $0.92. To acquire these shares, it cost around $19,716.
• What’s Happening: Vivani Medical posted a wider-than-expected second-quarter loss.
• What Vivani Medical Does: Vivani Medical Inc is a preclinical stage biopharmaceutical company. It develops miniaturized, subdermal implants utilizing its proprietary NanoPortal technology to enable long-term, near constant-rate delivery of a broad range of medicines to treat chronic diseases.

Dalrada Financial

• The Trade: Dalrada Financial Corporation DFCO CEO Brian Bonar acquired a total of 10,500 shares at an average price of $0.19. To acquire these shares, it cost around $2,023.
• What’s Happening: Dalrada Financial said its subsidiary, Dalrada Technology Spain, entered into an agreement with JBS Consulting, a Paris-based distributor, to build and install as many as 2,300 commercial-grade, energy-efficient heat pumps over the course of five years.
• What Dalrada Financial Does: Dalrada Financial Corp is a United States-based company engaged in providing financial, insurance, benefit, and business process outsourcing products and services to companies.

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Oxbridge Re Holdings

• The Trade: Oxbridge Re Holdings Limited OXBR 10% owner Allan Martin acquired a total of 100,000 shares at an average price of $1.10. The insider spent $110,060 to buy those shares.
• What’s Happening: Oxbridge Re Holdings posted a loss for the second quarter.
• What Oxbridge Re Holdings Does: Oxbridge Re Holdings Ltd is a specialty property and casualty reinsurer. It provides reinsurance solutions through its subsidiary.