The Dow Jones index closed higher by over 50 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.
ADM Endeavors
- The Trade: ADM Endeavors, Inc. (OTC:ADMQ) CEO Marc Johnson acquired a total of 100,000 shares an average price of $0.05. To acquire these shares, it cost around $5,200.
- What's Happening: The company's stock fell 12% over the past month.
- What ADM Endeavors Does: ADM Endeavors Inc operates a diverse vertical integrated business, which consists of a retail sales division, focusing on screen print promotions, embroidery production, digital production, import wholesale sourcing, and uniforms.
Charles & Colvard
- The Trade: Charles & Colvard, Ltd. (NASDAQ:CTHR) President and CEO Don O'Connell acquired a total of 30,000 shares at at an average price of $0.34. To acquire these shares, it cost around $10,164.
- What's Happening: On Feb. 13, Charles & Colvard posted a quarterly loss of 9 cents per share.
- What Charles & Colvard Does: Charles & Colvard Ltd manufactures, markets, and distributes finished jewellery which also includes moissanite gemstone in the jewellery market.
Earth Science Tech
- The Trade: Earth Science Tech, Inc. (NASDAQ:ETST) CEO Giorgio R. Saumat acquired a total of 110,000 shares at an average price of $0.08. The insider spent around $8,250 to buy those shares.
- What's Happening: On Jan. 29, Earth Science Tech announced a $5 million common stock repurchase program.
- What Earth Science Tech Does: Earth Science Tech Inc is a diversified holding company. Currently, the company is focused on emerging prospects in the health and wellness industry.
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