$12M Bet On This Trucking Stock? Check Out These 3 Penny Stocks Insiders Are Aggressively Buying

The Dow Jones closed higher 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.

aTyr Pharma

• The Trade: aTyr Pharma, Inc. LIFE President and CEO Sanjay Shukla acquired a total of 15,000 shares an average price of $2.01. To acquire these shares, it cost around $30,224.
• What’s Happening: Piper Sandler recently maintained aTyr Pharma with an Overweight and raised the price target from $13 to $20.
• What aTyr Pharma Does: aTyr Pharma Inc is a biotherapeutics company engaged in the discovery and development of first-in-class medicines from its proprietary tRNA synthetase platform.

Yellow Corporation

• The Trade: Yellow Corporation YELL 10% owner Farhad Nanji acquired a total of 9,295,852 shares at an average price of $1.29. The insider spent around $11.99 million.
• What’s Happening: Yellow reportedly terminated its operations after grappling with multiple issues, including mergers that left it burdened with debt and a conundrum with the Teamsters Union.
• What Yellow Corporation Does: Yellow Corp is engaged in offering transportation services. It has a comprehensive less-than-truckload (LTL) networks in North America with local, regional, national, and international capabilities.

Eos Energy Enterprises

• The Trade: Eos Energy Enterprises, Inc. EOSE Director Alexander Dimitrief acquired a total of 5,000 shares at an average price of $2.13. To acquire these shares, it cost around $10,641.
• What’s Happening: Eos Energy Enterprises projects to record revenue of $0.2 million for the quarter ended June 30, 2023.
• What Eos Energy Enterprises Does: Eos Energy Enterprises Inc designs develop, manufactures, and markets innovative zinc-based energy storage solutions for utility-scale, microgrid, and commercial & industrial (C&I) applications.

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