FTC Solar And 3 Other Stocks Under $2 Insiders Are Buying

The Dow Jones closed lower by around 40 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.

FTC Solar

• The Trade: FTC Solar, Inc. FTCI Director Ahmad Chatila acquired a total of 14,550 shares an average price of $0.68. To acquire these shares, it cost around $9,894.
• What’s Happening: On Nov. 8, FTC Solar reported mixed third-quarter financial results and issued guidance.
• What FTC Solar Does: FTC Solar Inc is a global provider of advanced solar tracker systems, supported by proprietary software and value-added engineering services.

Retractable Technologies

• The Trade: Retractable Technologies, Inc. RVP President and CEO Thomas J Shaw acquired a total of 1,626 shares at an average price of $1.15. To acquire these shares, it cost around $1,865.
• What’s Happening: On Nov. 14, Retractable Technologies reported that its loss from operations was $8.7 million for the first nine months of 2023.
• What Retractable Technologies Does: Retractable Technologies Inc designs, develops, manufactures, and markets safety syringes and other safety medical products for the healthcare profession.

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Cyanotech

• The Trade: Cyanotech Corporation CYAN Director Michael Davis acquired a total of 39,455 shares at an average price of $0.90. The insider spent around $35,510 to buy those shares.
• What’s Happening: On Nov. 8, Cyanotech posted a narrower loss for the second quarter.
• What Cyanotech Does: Cyanotech Corp is engaged in the production of natural products derived from microalgae for the nutritional supplements market.

Jones Soda

• The Trade: Jones Soda Co. JSDA Director Gregg Reichman acquired a total of 175,200 shares at an average price of $0.15. The insider spent around $26,277 to buy those shares.
• What’s Happening: On Nov. 9, Jones Soda posted a narrower quarterly loss.
• What Jones Soda Does: Jones Soda Co develops, produces, markets and distributes premium beverages which the company sells and distributes in the United States and Canada through its network of independent distributors and directly to its national and regional retail accounts.

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