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.
comScore
The Trade: comScore, Inc. SCOR Director Itzhak Fisher acquired a total of 100000 shares shares at an average price of $3.20. The insider spent $320,000.00 to buy those shares.
What’s Happening: ComScore recently reported worse-than-expected Q2 results.
What comScore Does: comScore Inc is a United States-based company that provides digital media analytics services to customers in the media, advertising, and marketing industries.
Audacy
The Trade: Audacy, Inc. AUD Chairman, President and CEO David J Field acquired a total of 125000 shares at an average price of $3.06. To acquire these shares, it cost $382,512.50.
What’s Happening: Audacy, last week, reported second-quarter FY21 revenue growth of 73% year-on-year to $304.5 million, missing the analyst consensus of $308.24 million.
What Audacy Does: Audacy is a scaled, multi-platform audio content and entertainment company engaged in the segment of audio.
Arlington Asset Investment
The Trade: Arlington Asset Investment Corp. AAIC President and CEO Rock Tonkel Jr acquired a total of 15000 shares shares at an average price of $3.84. The insider spent 57,660.00 to buy those shares.
What’s Happening: Arlington Asset, last week, reported upbeat earnings for its second quarter.
What Arlington Asset Investment Does: Arlington Asset Investment Corp is a U.S. based principal investment company.
DIRTT Environmental Solutions
The Trade: DIRTT Environmental Solutions Ltd. DRTT 10% owner NW Lp, Nw Fund Lp, Nw Fund Gp Llc, Nw Gp Inc, Aron English acquired a total of 3657950 shares at an average price of $3.99. To acquire these shares, it cost $14,578,506.34.
What’s Happening: DIRTT, last week, reported results for its second quarter.
What DIRTT Environmental Solutions Does: Dirtt Environmental Solutions Ltd is a manufacturer of customized interiors.
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