Traeger And 3 Other Stocks Under $5 Insiders Are Buying

The Dow Jones index closed lower by around 190 points on Friday. 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.

Aware

• The Trade: Aware, Inc. AWRE Principal Financial Officer David K Traverse acquired a total of 4,907 shares an average price of $1.58. To acquire these shares, it cost around $7,753.
• What’s Happening: On March 12, Aware reported a year-over-year decrease in fourth-quarter EPS results..
• What Aware Does: Aware Inc is a provider of software and services to the biometrics industry.

Traeger

• The Trade: Traeger, Inc. COOK CEO Jeremy Andrus acquired a total of 396,689 shares at at an average price of $2.35. To acquire these shares, it cost around $933,006.
• What’s Happening: On March 7, Traeger reported worse-than-expected fourth-quarter EPS results and issued FY24 revenue guidance below estimates.
• What Traeger Does: Traeger Inc designs, sources, sells, and supports wood pellet fueled barbeque grills sold to retailers, distributors, and direct to consumers. It produces and sells the pellets used to fire the grills and also sells Traeger-branded rubs, spices, and sauces, as well as grilling accessories including covers, barbeque tools, trays, liners, and merchandise.

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Nerdy

• The Trade: Nerdy, Inc. NRDY CEO Charles K. Cohn acquired a total of 75,000 shares at an average price of $2.79. The insider spent around $209,250 to buy those shares.
• What’s Happening: On March 11, JP Morgan analyst Bryan Smilek assumed Nerdy with an Overweight rating and announced a price target of $5.
• What Nerdy Does: Nerdy Inc is a curated direct-to-consumer platform for live online learning. Its purpose-built proprietary platform leverages technology, including AI, to connect learners of all ages to experts, delivering superior value on both sides of the network.

Retractable Technologies

• The Trade: Retractable Technologies, Inc. RVP President and CEO Thomas J Shaw acquired a total of 5,000 shares at an average price of $1.22. The insider spent around $6,095 to buy those shares.
• 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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