Over $1M Bet On Bioventus? Check Out These 4 Penny Stocks Insiders Are Aggressively Buying

The Dow Jones closed lower by over 200 points on Wednesday. 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.

Diversified Healthcare Trust

• The Trade: Diversified Healthcare Trust DHC Director Adam D Portnoy acquired a total 6,003,515 shares an average price of $2.99. To acquire these shares, it cost around $17.94 million.
• What’s Happening: D. E. Shaw Galvanic Portfolios, in 13D Filing, said on May 12, sent letter to Diversified Healthcare expressing opposition to deal with Office Properties Income Trust.
• What Diversified Healthcare Trust Does: Diversified Healthcare Trust is a real estate investment trust that focuses on healthcare-related properties, including life science estates, medical offices, and senior living communities.

Bioventus

• The Trade: Bioventus Inc. BVS Director John Bartholdson acquired a total of 455,725 shares at an average price of $2.94. The insider spent around $1.34 million to buy those shares.
• What’s Happening: Bioventus posted better-than-expected quarterly sales.
• What Bioventus Does: Bioventus Inc is a medical technology company. The company is engaged in developing and commercializing clinically differentiated treatments that engage and enhance the body's natural healing process.

Bionano Genomics

• The Trade: Bionano Genomics, Inc. BNGO Director Hannah Mamuszka acquired a total of 65,789 shares at an average price of $0.76. To acquire these shares, it cost around $50 thousand.
• What’s Happening: Bionano Genomics posted a wider-than-expected quarterly loss.
• What Bionano Genomics Does: Bionano Genomics Inc is a life sciences instrumentation company in the genome analysis space.

Check This Out: Check Out 3 High-Yielding Dividend Stocks In Real Estate Sector From Wall Street's Most Accurate Analysts

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Bridgeline Digital

• The Trade: Bridgeline Digital, Inc. BLIN President and CEO Roger E Kahn acquired a total of 24,611 shares at an average price of $1.16. The insider spent $28.51 thousand to buy those shares.
• What’s Happening: Bridgeline Digital posted upbeat quarterly results.
• What Bridgeline Digital Does: Bridgeline Digital Inc is a developer of web application management software and web applications to maximize the performance of critical websites, intranets, and online stores.