Gaia And 2 Other Stocks Under $4 Insiders Are Buying

The Dow Jones closed lower by over 400 points on Monday. 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.

Lexicon Pharmaceuticals

• The Trade: Lexicon Pharmaceuticals, Inc. LXRX VP, Human Resources Wendy McDermott acquired a total of 6,000 shares an average price of $1.84. To acquire these shares, it cost around $11,040.
• What’s Happening: Lexicon Pharmaceuticals reported a wider-than-expected second-quarter loss.
• What Lexicon Pharmaceuticals Does: Lexicon Pharmaceuticals Inc is a biopharmaceutical company. It is engaged in the discovery, development, and commercialization of pharmaceutical products for the treatment of human diseases.

Gaia

• The Trade: Gaia, Inc. GAIA Director Paul Sutherland acquired a total of 10,028 shares at an average price of $2.49. The insider spent around $24,990.
• What’s Happening: Gaia reported a wider-than-expected second-quarter loss.
• What Gaia Does: Gaia Inc is a video streaming service and community that provides curated conscious media in primary channels-Seeking Truth provides new and enlightening perspectives for today's changing world; Transformation provides a wealth of content in the niche areas of spiritual growth, personal development and expanded consciousness; Alternative Healing channel features content focused on food and nutrition, holistic healing, alternative and integrative medicines, and longevity, and Yoga.

Superior Industries International

• The Trade: Superior Industries International, Inc. SUP 10% owner Thomas Lynch acquired a total of 77,258 shares at an average price of $3.67. To acquire these shares, it cost around $283,821.
• What’s Happening: Superior Industries posted downbeat quarterly sales.
• What Superior Industries International Does: Superior Industries International Inc is engaged in the design and manufacture of aluminum wheels for sale to OEMs in North America and Europe and to the aftermarket in Europe.

Check This Out: Fear & Greed Index Remains In 'Greed' Zone Ahead Of Key Inflation Reports

Don’t forget to check out our premarket coverage here