MEI Pharma And 2 Other Penny Stocks Insiders Are Aggressively Buying

The Dow Jones closed slightly higher on first trading day of March. 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.

Starco Brands

• The Trade: Starco Brands, Inc. STCB CEO, Interim CFO Ross Sklar bought a total of 203,610 shares at an average price of $0.50. To acquire these shares, it cost around $102.11 thousand.
• What’s Happening: Starco Brands reported the acquisition of Soylent Nutrition, Inc.
• What Starco Brands Does: Starco Brands Inc is engaged in the direct response marketing of consumer products. The company involves in marketing, distributing, and developing consumer products to be sold through television and retail.

MEI Pharma

• The Trade: MEI Pharma, Inc. MEIP Director Charles Baltic V acquired a total 81,500 shares at an average price of $0.23. The insider spent around $18.34 thousand to buy those shares.
• What’s Happening: MEI Pharma and Infinity Pharmaceuticals announced a definitive merger agreement to advance three promising clinical oncology candidates.
• What MEI Pharma Does: MEI Pharma Inc is focused on the clinical development of novel therapies for cancer.

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CURO Group Holdings

• The Trade: CURO Group Holdings Corp. CURO CEO Douglas Clark acquired a total of 371,942 shares at an average price of $4.05. To acquire these shares, it cost around $1.51 million.
• What’s Happening: Credit Suisse downgraded CURO Group from Outperform to Neutral and lowered the price target from $7 to $4..
• What CURO Group Does: CURO Group Holdings Corp is a consumer finance company. It offers a broad range of consumer finance products including unsecured installment loans, secured installment loans, open-end loans, and single-pay loans.

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