Clene And 2 Other Stocks Under $3 Insiders Are Aggressively Buying

The Dow Jones closed higher by over 200 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.

Rekor Systems

• The Trade: Rekor Systems, Inc. REKR 10% owner Arctis Global LLC acquired a total 1,923,000 an average price of $1.31. To acquire these shares, it cost around $2.52 million.
• What’s Happening: Rekor Systems reported worse-than-expected first-quarter results.
• What Rekor Systems Does: Rekor Systems Inc is a United States-based company. It is engaged in providing real-time roadway intelligence through AI-driven decisions.

NetSol Technologies

• The Trade: NetSol Technologies, Inc. NTWK President Naeem Ghauri acquired a total of 16,008 shares at an average price of $2.19. The insider spent around $35,057 to buy those shares.
• What’s Happening: NETSOL Technologies posted a profit for the third quarter.
• What NetSol Technologies Does: NETSOL Technologies Inc is involved in providing information technology and enterprise software solutions.

Clene

• The Trade: Clene Inc. CLNN 10% owner Henry John Stevens acquired a total of 316,455 shares at an average price of $0.80. To acquire these shares, it cost around $253,164. The company’s CEO also bought 25,000 shares.
• What’s Happening: Clene announced publication of Phase 2 CNM-Au8 clinical data for the treatment of ALS in LANCET's eClinicalMedicine.
• What Clene Does: Clene Inc is a clinical-stage pharmaceutical company pioneering the discovery, development, and commercialization of novel clean-surfaced nanotechnology (CSN) therapeutics.

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