The Dow Jones closed higher by around 300 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.
Vintage Wine Estates
- The Trade: Vintage Wine Estates, Inc. (NASDAQ:VWE) Director Timothy Proctor acquired a total of 31,852 shares an average price of $0.57. To acquire these shares, it cost around $18,155.
- What's Happening: On Nov. 14, Vintage Wine Estates posted a wider-than-expected quarterly loss.
- What Vintage Wine Estates Does: Vintage Wine Estates Inc is a family of wineries and wines whose singular focus is producing the finest quality wines and incredible customer experiences with wineries throughout Napa, Sonoma, California's Central Coast, Oregon, and Washington State.
Redwire
- The Trade: Redwire Corporation (NYSE:RDW) Chief Accounting Officer Chris Edmunds acquired a total of 2,000 shares at an average price of $2.55. To acquire these shares, it cost around $5,092.
- What's Happening: On Nov. 6, Redwire posted better-than-expected quarterly sales.
- What Redwire Does: Redwire Corp is engaged in mission-critical space solutions and reliable components for the next generation space economy, with IP for solar power generation and in-space 3D printing and manufacturing.
Check This Out: SAIC, Hawaiian Holdings And 3 Stocks To Watch Heading Into Monday
DIRTT Environmental Solutions
- The Trade: DIRTT Environmental Solutions Ltd. (OTC:DRTTF) 10% owner 22NW GP, Inc. acquired a total of 4,524,378 shares at an average price of $0.51. The insider spent around $2.29 million to buy those shares.
- What's Happening: On Nov. 13, DIRTT Environmental Solutions reported third-quarter 2023 revenues of $49.5 million, an increase of 6% from the year-ago quarter.
- What DIRTT Environmental Solutions Does: Dirtt Environmental Solutions Ltd is a manufacturer of customized interiors. The company combines its (3D) design, configuration, and manufacturing software (ICE or ICE Software) with in-house manufacturing of its prefabricated interior construction solutions and a distribution partner (DP) network.
Quince Therapeutics
- The Trade: Quince Therapeutics, Inc. (NASDAQ:QNCX) Director David Lamond acquired a total of 43,134 shares at an average price of $0.94. The insider spent around $40,546 to buy those shares.
- What's Happening: On Oct. 23, Quince Therapeutics announced the successful completion of its acquisition of EryDel S.p.A.
- What Quince Therapeutics Does: Quince Therapeutics Inc is preclinical stage biopharmaceutical company focused on advancing innovative precision therapeutics for debilitating and rare diseases.
Don't forget to check out our premarket coverage here