RiskOn International And 3 Other Stocks Under $2 Insiders Are Buying

The Dow Jones closed higher by over 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.

Forte Biosciences

• The Trade: Forte Biosciences, Inc. FBRX Director Paul A Wagner acquired a total of 51,203 shares an average price of $0.60. To acquire these shares, it cost around $30,468.
• What’s Happening: On Nov. 13, Forte Biosciences posted a wider third-quarter loss.
• What Forte Biosciences Does: Forte Biosciences Inc is a biopharmaceutical company that is advancing through preclinical trials its product candidate, FB-102, which is a proprietary therapeutic molecule with potentially broad autoimmune applications in such indications as graft-versus-host disease ("GvHD"), vitiligo and alopecia areata ("AA").

CommScope Holding

• The Trade: CommScope Holding Company, Inc. COMM SVP & President, CCS Koen Linde Ter acquired a total of 13,513 shares at an average price of $1.84. To acquire these shares, it cost around $24,857.
• What’s Happening: On Nov. 9, CommScope reported third-quarter net sales of $1.6 billion.
• What CommScope Holding Does: CommScope Holding Co Inc is a provider of infrastructure solutions for communication, data center and entertainment networks.

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RiskOn International

• The Trade: RiskOn International, Inc. ROI 10% owner Milton C. Ault III acquired a total of 2,000 shares at an average price of $0.21. The insider spent around $416 to buy those shares.
• What’s Happening: On Dec. 4, RiskOn International announced Kurt Flygare has been named Chief Executive Officer of GuyCare Management, Inc., a subsidiary of GuyCare, Inc.
• What RiskOn International Does: RiskOn International Inc is a holding company which owns BitNile metaverse platform that allows users to engage with a new social networking community and purchase both digital and physical products while playing 3D immersive games.

Erasca

• The Trade: Erasca, Inc. ERAS Director Harding Denise Valerie Start acquired a total of 10,000 shares at an average price of $1.85. The insider spent around $18,480 to buy those shares.
• What’s Happening: On Nov. 9, Erasca posted a narrower-than-expected quarterly loss.
• What Erasca Does: Erasca Inc is a clinical-stage precision oncology company singularly focused on discovering, developing, and commercializing therapies for patients with RAS/MAPK pathway-driven cancers.

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