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.
Acorn Energy
- The Trade: Acorn Energy, Inc. (OTC:ACFN) President and CEO Jan H Loeb acquired a total of 47723 shares at an average price of $0.59. To acquire these shares, it cost $27,956.57.
- What's Happening: The company's stock has gained 50% year-to-date.
- What Acorn Energy Does: Acorn Energy Inc is a holding company which focuses on technology driven solutions for energy infrastructure asset management.
Broad Street Realty
- The Trade: Broad Street Realty, Inc. (OTC:BRST) CEO Michael Z Jacoby acquired a total of 2000 shares at an average price of $2.76. The insider spent $5,520.00 to buy those shares.
- What's Happening: The company's stock dipped more than 52% over the previous six months.
- What Broad Street Realty Does: Broad Street Realty Inc is a fully integrated real estate company that owns, operates, develops, and redevelops primarily grocery-anchored shopping centers and street retail-based properties in the Mid-Atlantic and Denver, Colorado markets.
CurrencyWorks
- The Trade: CurrencyWorks Inc. (OTC:CWRK) Director James P Geiskopf acquired a total of 57291 shares at an average price of $0.29. To acquire these shares, it cost $16,499.81.
- What's Happening: CurrencyWorks recently reported $500,000 strategic financing led by management.
- What CurrencyWorks Does: CurrencyWorks Inc is positioned for the long term as an enterprise platform for building blockchain economies for established brands.