The Dow Jones closed higher by over 100 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.
Forte Biosciences
- The Trade: Forte Biosciences, Inc. (NASDAQ: FBRX) Director Paul A Wagner acquired a total of 51,203 shares an average price of $0.60. To acquire these shares, it cost around $30,468.
- What’s Happening: On Nov. 13, Forte Biosciences posted a wider third-quarter loss.
- What Forte Biosciences Does: Forte Biosciences Inc is a biopharmaceutical company that is advancing through preclinical trials its ...