The Dow Jones index closed lower by around 475 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.
Allied Gaming & Entertainment
- The Trade: Allied Gaming & Entertainment Inc. (NASDAQ: AGAE) 10% owner Knighted Pastures LLC acquired a total of 163,534 shares an average price of $1.43. To acquire these shares, it cost around $233,053.
- What’s Happening: On Nov. 9, Allied Gaming posted a decline in third-quarter sales.
- What Allied Gaming & Entertainment Does: Allied Gaming & Entertainment Inc is an experiential ...