The Dow Jones index closed lower by more than 50 points on Friday. 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.
Porch Group
- The Trade: Porch Group, Inc. (NASDAQ: PRCH) Director Camilla Velasquez acquired a total of 1,976 shares an average price of $2.53. To acquire these shares, it cost around $4,999.
- What’s Happening: Porch Group signed a strategic business collaboration agreement ...