Trinity Place And 2 Other Penny Stocks Insiders Are Aggressively Buying

The Dow Jones closed higher by more than 100 points on Tuesday. 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.

Trinity Place Holdings

• The Trade: Trinity Place Holdings Inc. TPHS President and CEO Matthew Messinger bought a total of 1,212 shares at an average price of $0.84. To acquire these shares, it cost around $1.02 thousand.
• What’s Happening: The company’s stock gained 23% over the previous month.
• What Trinity Place Does: Trinity Place Holdings Inc is a real estate holding, investment, and asset management company.

Clear Channel Outdoor Holdings

• The Trade: Clear Channel Outdoor Holdings, Inc. CCO 10% owner Ares Partners Holdco LLC acquired a total of 1,230,000 shares at an average price of $1.57. The insider spent around $1.93 million to buy those shares.
• What’s Happening: Clear Channel Outdoor, last month, agreed to sell its Switzerland business to Goldbach Group, an affiliate of TX Group, for $92.7 million.
• What Clear Channel Outdoor Does: Clear Channel Outdoor Holdings Inc is one of the world's largest outdoor advertising companies.

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Applied Digital

• The Trade: Applied Digital Corporation APLD CEO, Chairman Wes Cummins acquired a total of 25,000 shares at an average price of $2.33. To acquire these shares, it cost around $58.25 thousand.
• What’s Happening: Applied Blockchain recently posted a narrower-than-expected Q2 loss.
• What Applied Digital Does: Applied Blockchain Inc is an Ethereum and altcoin mining company.

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