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.
Emmaus Life Sciences
The Trade: Emmaus Life Sciences, Inc. (OTC: EMMA) Chairman and CEO Yutaka Niihara acquired a total of 9701 shares at an average price of $1.55. To acquire these shares, it cost $15,021.55.
What’s Happening: The company’s stock has jumped over 18% since the start of the year.
What Emmaus Life Sciences Does: Emmaus Life Sciences Inc is a biopharmaceutical company engaged in the discovery, development, and commercialization of new treatments and therapies primarily for rare and orphan diseases.
The Trade: Flotek Industries, Inc. (NYSE: FTK) CEO and President John Gibson Jr acquired a total of 2000 shares shares at an average price of $1.37. The insider spent $2,740.00 to buy those shares.
What’s Happening: The company, last month, results for its second quarter.
What Flotek Industries Does: Flotek Industries delivers chemistry-based technology solutions for energy, industrial, and consumer applications.
The Trade: Optex Systems Holdings, Inc (OTC: OPXS) Director Dale E Lehmann acquired a total of 23158 shares at an average price of $1.50. To acquire these shares, it cost $34,766.50.
What’s Happening: The company’s shares gained around 5% over the previous month.
What Optex Systems Does: Optex Systems Holdings manufactures optical sighting systems and assemblies for the U.S. Department of Defense, foreign military applications, and commercial markets.
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