The Dow Jones index closed lower by around 0.2% 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.
Rezolute
- The Trade: Rezolute, Inc. (NASDAQ: RZLT) CFO Daron Evans acquired a total of 50,000 shares an average price of $1.93. To acquire these shares, it cost around $96,345.
- What’s Happening: On Feb. 13, Rezolute posted a narrower-than-expected quarterly loss.
- What Rezolute Does: Rezolute Inc is a biopharmaceutical ...