The Dow Jones index closed higher by over 100 points on Monday. 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.
Allied Gaming & Entertainment
- The Trade: Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) 10% owner Roy Choi acquired a total of 182,745 shares an average price of $1.08. To acquire these shares, it cost around $197,412.
- What's Happening: Allied Gaming & Entertainment recently revealed strategic investment from Elite Fun Entertainment.
- What Allied Gaming & Entertainment Does: Allied Gaming & Entertainment Inc is an experiential entertainment company focused on providing a growing world of gamers with various experiences through renowned assets, products, and services.
Vivani Medical
- The Trade: Vivani Medical, Inc. (NASDAQ:VANI) Director Gregg Williams acquired a total of 7,620 shares at at an average price of $1.01. To acquire these shares, it cost around $7,696.
- What's Happening: Vivani Medical, during November, posted a wider-than-expected quarterly loss.
- What Vivani Medical Does: Vivani Medical Inc is a preclinical stage biopharmaceutical company.
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Catheter Precision
- The Trade: Catheter Precision, Inc. (NYSE:VTAK) Director, Executive Chairman and CEO David A Jenkins acquired a total of 16,940 shares at an average price of $0.42. The insider spent around $7,086 to buy those shares.
- What's Happening: Catheter Precision secured a new distributor in Brazil for LockeT.
- What Catheter Precision Does: Catheter Precision Inc Formerly Ra Medical Systems Inc is a commercial-stage medical device company whose business comprises of the design, manufacture and sale of new medical technologies in the field of cardiac electrophysiology, or EP.
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