The Dow Jones index closed slightly lower 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.
Wheeler Real Estate Investment Trust edcal
- The Trade: Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) 10% owner Stilwell Associates acquired a total of 519,238 shares an average price of $0.28. To acquire these shares, it cost around $147,891.
- What's Happening: The company's stock gained around 16% over the past month.
- What Wheeler Real Estate Investment Trust Does: Wheeler Real Estate Investment Trust Inc is a self-managed commercial real estate investment company.
Sarcos Technology and Robotics
- The Trade: Sarcos Technology and Robotics Corporation (NASDAQ:STRC) Director Brian D Finn acquired a total of 120,000 shares at an average price of $0.60. To acquire these shares, it cost around $71,688.
- What's Happening: Sarcos Technology posted a wider-than-expected third-quarter loss.
- What Sarcos Technology and Robotics Does: Sarcos Technology & Robotics Corp designs, develops and manufactures a broad range of advanced mobile robotic systems that redefine human possibilities and are designed to enable the safest, most productive workforce in the world.
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Sharps Technology
- The Trade: Sharps Technology, Inc. (NASDAQ:STSS) Director Timothy J. Ruemler acquired a total of 10,000 shares at an average price of $0.40. The insider spent around $4,016 to buy those shares.
- What's Happening: The company's stock fell around 63% year-to-date.
- What Sharps Technology Does: Sharps Technology Inc is a medical device company. It offers syringes and other safety products.
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