The Dow Jones closed higher by more than 100 points on Tuesday. 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.
Genasys
- The Trade: Genasys Inc. (NASDAQ: GNSS) Director Richard Osgood acquired a total of 50,000 shares an average price of $2.00. To acquire these shares, it cost around $100,000.
- What’s Happening: Genasys announced a $1 million contract with the U.S. Army to design and build the first CROWS-AHD prototypes.
- What ...