The Dow Jones index closed higher by over 100 points on Tuesday. 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.
Vivos
- The Trade: Vivos Inc. (OTC:RDGL) CEO and President Michael K Korenko bought a total of 50,000 shares at an average price of $0.17. To acquire these shares, it cost around $8,435.
- What's Happening: The company's stock fell around 16% over the past month.
- What Vivos Does: Vivos Inc is a radiation oncology medical device company.
Alset
- The Trade: Alset Inc. (NASDAQ:AEI) CEO Heng Fai Ambrose Chan acquired a total of 20,312 shares at an average price of $0.94. To acquire these shares, it cost around $19,150.
- What's Happening: The company's stock gained around 3% year-to-date
- What Alset Does: Alset Inc is a diversified holding company engaged through its subsidiaries in the development of EHome communities and other real estate, financial services, digital transformation technologies, biohealth activities, and consumer products with operations in the United States, Singapore, Hong Kong, Australia, and South Korea.
GEE Group
- The Trade: GEE Group Inc. (NYSE:JOB) Director John Randall Waterfield acquired a total of 300,000 shares at an average price of $0.37. The insider spent around $111,720 to buy those shares.
- What's Happening: On May 15, GEE Group posted weaker-than-expected quarterly sales.
- What GEE Group Does: GEE Group Inc is a provider of specialized staffing solutions across the United States.
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