The Dow Jones index 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.
Iterum Therapeutics
- The Trade: Iterum Therapeutics plc (NASDAQ: ITRM) Director Michael W Dunne acquired a total of 25,000 shares an average price of $1.40. To acquire these shares, it cost around $35,000.
- What’s Happening: Iterum Therapeutics recently regained compliance with Nasdaq Bid Price Rule for continued listing.
- What Iterum ...