share_log

Nerdy And 3 Other Stocks Under $3 Insiders Are Buying

Benzinga ·  Mar 14 20:58

The Dow Jones index closed higher by around 0.1% on Wednesday. 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.

Rave Restaurant

  • The Trade: Rave Restaurant Group, Inc. (NASDAQ:RAVE) CEO Brandon Solano acquired a total of 11,376 shares an average price of $1.72. To acquire these shares, it cost around $19,621.
  • What's Happening: On Feb. 1, RAVE Restaurant Group posted a decline in quarterly sales.
  • What Rave Restaurant Does: Rave Restaurant Group Inc operates and franchises pizza buffet, delivery/carry-out, and express restaurants.

AmeriServ Financial

  • The Trade: AmeriServ Financial, Inc. (NASDAQ:ASRV) President & CEO ASRV & Bank Jeffrey A Stopko acquired a total of 2,000 shares at at an average price of $2.53. To acquire these shares, it cost around $5,060.
  • What's Happening: On Jan. 23, AmeriServ Financial posted a loss for the fourth quarter.
  • What AmeriServ Financial Holdings Does: AmeriServ Financial Inc is a bank holding company. The company and its subsidiaries derive substantially all of their income from banking, bank-related services, and trust-related services. Its operating segment includes community banking; wealth management and investment/parent.

Nerdy

  • The Trade: Nerdy, Inc. (NYSE:NRDY) CEO Charles K. Cohn acquired a total of 67,991 shares at an average price of $2.88. The insider spent around $195,814 to buy those shares.
  • What's Happening: On March 11, JP Morgan analyst Bryan Smilek assumed Nerdy with an Overweight rating and announced a price target of $5.
  • What Nerdy Does: Nerdy Inc is a curated direct-to-consumer platform for live online learning.

Fresh Tracks Therapeutics

  • The Trade: Fresh Tracks Therapeutics, Inc. (OTC:FRTX) 10% owner Exploration Capital, LLC acquired a total of 16,329 shares at an average price of $0.92. The insider spent around $14,951 to buy those shares.
  • What's Happening: The company's stock fell around 8% over the past month.
  • What Fresh Tracks Therapeutics Does: Fresh Tracks Therapeutics Inc is a clinical-stage pharmaceutical company striving to transform patient lives through the development of innovative and differentiated prescription therapeutics.

Don't forget to check out our premarket coverage here

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment