The Dow Jones index closed higher by more than 200 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.
LuxUrban Hotels
- The Trade: LuxUrban Hotels Inc. (NASDAQ:LUXH) CFO Michael C James bought a total of 352,941 shares at an average price of $0.17. To acquire these shares, it cost around $60,000. LuxUrban's ...