The Dow Jones index closed higher by around 0.5% on Monday. 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.

Stereotaxis

• The Trade: Stereotaxis, Inc. (NYSE:STXS) Director Paul J Isaac bought a total of 7,000 shares at an average price of $1.86. To acquire these shares, it cost around $13,017.
• What's Happening: On May 13, Stereotaxis posted weaker-than-expected quarterly sales.
• What Stereotaxis Does: Stereotaxis Inc is engaged in robotic technologies designed to enhance the treatment of arrhythmias and perform endovascular procedures.

Mobile Infrastructure

• The Trade: Mobile Infrastructure Corporation (NYSE:BEEP) Director Jeffrey Osher acquired a total of 5,983 shares at at an average price of $3.30. To acquire these shares, it cost around $19,750.
• What's Happening: On May 15, Mobile Infrastructure named Paul Gohr as new CFO.
• What Mobile Infrastructure Does: Mobile Infrastructure Corp focuses on acquiring, owning, and leasing parking facilities and related infrastructure, including parking lots, parking garages and other parking structures throughout the United States.

Hyliion Holdings

• The Trade: Hyliion Holdings Corp. (NYSE:HYLN) Chief Commercial Officer Govindaraj Ramasamy acquired a total of 10,000 shares at an average price of $1.50. The insider spent around $15,000 to buy those shares.
• What's Happening: On June 5, Hyliion announced commencement of manufacturing of additive parts for KARNO Generator at Austin Headquarters.
• What Hyliion Holdings Does: Hyliion Holdings Corp is a provider of electrified solutions for the commercial vehicle industry as well as other industries.

FlexShopper

• The Trade: FlexShopper, Inc. (NASDAQ:FPAY) Director Howard Dvorkin acquired a total of 12,845 shares at an average price of $1.22. The insider spent around $15,621 to buy those shares.
• What's Happening: On May 13, FlexShopper posted upbeat quarterly sales.
• What FlexShopper Does: FlexShopper Inc is a financial technology company engaged in providing certain types of durable goods to consumers on a lease-to-own basis and providing lease-to-own (LTO) terms to consumers of third-party retailers and e-tailers.

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