The Dow Jones closed lower by around 200 points on Tuesday. 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.
Barnwell Industries
- The Trade: Barnwell Industries, Inc. (NYSE: BRN) 10% owner Ned L Sherwood Revocable Trust acquired a total of 99,426 shares an average price of $2.60. To acquire these shares, it cost around $258,223.
- What’s Happening: Barnwell Industries reported net loss of $717,000, $0.07 per share, for the three ended June 30, 2023.
- What Barnwell Industries Does: Barnwell Industries ...