The Nasdaq dipped around 150 points on Tuesday. Investors, meanwhile, focused on some notable insider trades.
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 the recent notable insider transaction for penny stock. For more, check out Benzinga's insider transactions platform.3
MJ Holdings
- The Trade: MJ Holdings, Inc. (OTC:MJNE) Chief Cultivation Officer Paris Balaouras bought a total of 17,500 shares at an average price of $0.25. To acquire these shares, it cost around $4.4 thousand.
- What’s Happening: MJ Holdings, last month, said it has acquired MJH Research, Inc to expand its cultivation operations.
- What MJ Holdings Does: MJ Holdings Inc engages in the provision of consulting and operating services to the regulated cannabis industry.