The Dow Jones index closed higher by around 10 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.

CalciMedica

• The Trade: CalciMedica, Inc. (NASDAQ:CALC) CEO A. Rachel Leheny bought a total of 1,000 shares at an average price of $4.19. To acquire these shares, it cost around $4,190.
• What's Happening: On Aug. 12, CalciMedica posted a narrower-than-expected quarterly loss.
• What CalciMedica Does: CalciMedica Inc is a clinical-stage biopharmaceutical company focused on developing therapies for life-threatening inflammatory diseases with high unmet need.

Zevia PBC

• The Trade: Zevia PBC (NASDAQ:ZVIA) Director David J. Lee acquired a total of 13,705 shares at at an average price of $1.09. To acquire these shares, it cost around $15,000.
• What's Happening: On Aug. 7, Zevia posted a wider-than-expected quarterly loss.
• What Zevia PBC Does: Zevia PBC is a beverage company disrupting the liquid refreshment beverage industry through refreshing, zero-calorie, zero-sugar, naturally sweetened beverages that are all Non-GMO Project Verified.

Ault Alliance

• The Trade: Ault Alliance, Inc. (NYSE:AULT) Executive Chairman Milton C Ault III acquired a total of 3,800 shares at an average price of $0.23. The insider spent around $879 to buy those shares.
• What's Happening: Ault Alliance plans to officially change its corporate name to Hyperscale Data, Inc., effective Sept. 10.
• What Ault Alliance Does: Ault Alliance Inc is a diversified holding company. It operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles.

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