The Dow Jones closed higher by more than 40 points on Monday. 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.
ARS Pharmaceuticals
- The Trade: ARS Pharmaceuticals, Inc. (NASDAQ: SPRY) Director Rajeev Shah acquired a total of 2,700,000 shares an average price of $3.03. To acquire these shares, it cost around $8.18 million.
- What’s Happening: The FDA issued a Complete Response Letter regarding ARS Pharmaceuticals’ New Drug Application (NDA) for neffy (epinephrine ...