The Dow Jones index closed higher by around 0.1% on Thursday. 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.
Mobile Infrastructure
- The Trade: Mobile Infrastructure Corporation (NYSE:BEEP) CEO Manuel Chavez III acquired a total of 16,861 shares an average price of $3.45. To acquire these shares, it cost around $58,170.
- What's Happening: Mobile Infrastructure is expected to issue its first quarter 2024 earnings release on May 15, 2024.
- What Mobile Infrastructure Does: Mobile Infrastructure Corp focuses on acquiring, owning, and leasing parking facilities and related infrastructure, including parking lots, parking garages and other parking structures throughout the United States.
GrafTech International
- The Trade: GrafTech International Ltd. (NYSE:EAF) 10% owner Colonial House Capital Ltd acquired a total of 2,303,599 shares at at an average price of $1.78. To acquire these shares, it cost around $4.1 million.
- What's Happening: GrafTech International is scheduled to hold its first quarter 2024 earnings conference call on April 26, 2024.
- What GrafTech International Does: GrafTech International Ltd is a manufacturer of high-quality graphite electrode products essential to the production of EAF steel and other ferrous and non-ferrous metals.
Vuzix
- The Trade: Vuzix Corporation (NASDAQ:VUZI) President and CEO Paul J Travers acquired a total of 7,500 shares at an average price of $1.34. The insider spent around $10,062 to buy those shares.
- What's Happening: On April 15, Vuzix posted downbeat quarterly sales.
- What Vuzix Does: Vuzix Corp is engaged in the design, manufacturing, marketing, and selling of Smart Glasses and Augmented Reality (AR) technologies and products for the enterprise, medical, defense, and consumer markets.
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