The Dow Jones index closed lower by over 300 points 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.

Nephros

• The Trade: Nephros, Inc. (NASDAQ:NEPH) Director Arthur H Amron bought a total of 5,000 shares at an average price of $2.24. To acquire these shares, it cost around $11,176.
• What's Happening: On May 9, Nephros posted a narrower-than-expected quarterly loss.
• What Nephros Does: Nephros Inc is a commercial-stage company that develops and sells high-performance water solutions to the medical and commercial markets.

Presidio Property Trust

• The Trade: Presidio Property Trust, Inc. (NASDAQ:SQFT) CEO Jack Kendrick Heilbron acquired a total of 10,300 shares at an average price of $0.80. To acquire these shares, it cost around $8,257.
• What's Happening: On May 14, the company said net loss for the three months ended March 31, 2024 was approximately $5.8 million, or 47 cents per basic and diluted share.
• What Presidio Property Trust Does: Presidio Property Trust Inc is an internally managed, diversified REIT with holdings in model home properties which are triple-net leased to homebuilders, office, industrial, and retail properties.

GEE Group

• The Trade: GEE Group Inc. (NYSE:JOB) Director John Randall Waterfield acquired a total of 250,000 shares at an average price of $0.36. The insider spent around $89,831 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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