The Dow Jones index closed lower by over 600 points on Friday. 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.

Pineapple Financial

• The Trade: Pineapple Financial Inc. (NYSE:PAPL) CSO Christa Lillian Mitchell bought a total of 2,000 shares at an average price of $1.02. To acquire these shares, it cost around $2,040.
• What's Happening: On July 16, Pineapple Financial posted a wider-than-expected quarterly loss.
• What Pineapple Financial Does: Pineapple Financial Inc is a Canada-based mortgage technology and brokerage company that provides mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages, and consumers.

Vivos

• The Trade: Vivos Inc. (OTC:RDGL) President and CEO Michael K Korenko acquired a total of 50,000 shares at an average price of $0.09. To acquire these shares, it cost around $4,360.
• What's Happening: On June 28, Vivos submitted the application to the FDA for authority to initiate human clinical trials.
• What Vivos Does: Vivos Inc is a radiation oncology medical device company

• Wall Street's Most Accurate Analysts' Views On 3 Materials Stocks Delivering High-Dividend Yields