The Dow Jones closed higher by over 100 points on Wednesday. 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.
Glatfelter
- The Trade: Glatfelter Corporation (NYSE: GLT) 10% owner Duane Clint Carlson acquired a total of 325,000 shares an average price of $1.94. To acquire these shares, it cost around $630,925.
- What’s Happening: Glatfelter entered into an agreement with Ekman & Co. to market Glatfelter's high quality, specialty Abaca pulp exclusively through Ekman's ...