Socket Mobile And 2 Other Stocks Under $3 Insiders Are Buying

The Dow Jones closed higher by over 550 points 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.

Martin Midstream Partners

• The Trade: Martin Midstream Partners LP MMLP Director Ruben S Martin acquired a total of 12,000 shares an average price of $2.50. To acquire these shares, it cost around $29,958.
• What’s Happening: Martin Midstream Partners posted a narrower loss for the third quarter.
• What Martin Midstream Partners Does: Martin Midstream Partners LP has a diverse set of operations focused in the United States Gulf Coast region.

Socket Mobile

• The Trade: Socket Mobile Inc SCKT Director Charlie Bass acquired a total of 5,000 shares at an average price of $1.00. To acquire these shares, it cost around $5,018.
• What’s Happening: Socket Mobile posted a wider-than-expected third-quarter loss.
• What Socket Mobile Does: Socket Mobile Inc is a producer of data capture products. The company's products are integrated into mobile applications used in mobile point of sale (mPOS), commercial services (field workers), asset tracking, manufacturing process and quality control, transportation and logistics (goods tracking and movement), event management (ticketing, entry, access control, and identification), medical and education.

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Butler National

• The Trade: Butler National Corporation BUKS 10% owner Joseph Patrick Daly acquired a total of 30,000 shares at an average price of $0.68. The insider spent around $20,390 to buy those shares.
• What’s Happening: Butler National disclosed the acquisition of KC Machine, a recognized provider of high-quality precision machine parts.
• What Butler National Does: Butler National Corp is engaged in designing, manufacturing and selling, installing, repairing, modifying, overhauling, servicing and distributing a broad portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems.

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