CalAmp And 2 Other Stocks Under $5 Insiders Are Aggressively Buying

The Dow Jones settled higher by over 300 points on Thursday. Investors, meanwhile, focused on some notable insider trades.

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.

Helbiz

• The Trade: Helbiz, Inc. HLBZ CEO Salvatore Palella bought a total of 1,568,249 shares at an average price of $0.12. To acquire these shares, it cost around $188.19 thousand.
• What’s Happening: Helbiz continued its North American expansion by announcing its first store in San Francisco.
• What Helbiz Does: Helbiz Inc provides electric micro-mobility services. The company offers a diverse fleet of vehicles including e-scooters, e-bicycles and e-mopeds all on one convenient, user-friendly platform around the world.

MAIA Biotechnology

• The Trade: MAIA Biotechnology, Inc. MAIA Director Stan Smith acquired a total of 1,870 shares at an average price of $3.40. The insider spent around $6.36 thousand to buy those shares.
• What’s Happening: MAIA Biotechnology recently held successful pre-IND meeting with the FDA for planned U.S. expansion of THIO-101 Phase 2 trial for non-small cell lung cancer.
• What MAIA Biotechnology Does: MAIA Biotechnology Inc is a targeted therapy, immuno-oncology company focused on the development and commercialization of potential first-in-class drugs with novel mechanisms of action that are intended to meaningfully improve and extend the lives of people with cancer.

Check This Out: Will Gold Shine Brightly In 2023? Consider These Factors

Don’t forget to check out our premarket coverage here

CalAmp

• The Trade: CalAmp Corp. CAMP Director Wes Cummins acquired a total of 65,000 shares at an average price of $3.98. To acquire these shares, it cost around $258.98 thousand.
• What’s Happening: CalAmp recently reported better-than-expected Q3 sales results.
• What CalAmp Does: CalAmp Corp provides wireless communications solutions applications to customers.