The Dow Jones index closed higher by around 0.1% 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.
Allied Gaming & Entertainment
- The Trade: Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) 10% owner Knighted Pastures LLC bought a total of 208,331 shares at an average price of $1.48. To acquire these shares, it cost around $307,613.
- What's Happening: Allied Gaming & Entertainment, on June 15, entered into a termination agreement with Elite Fun Entertainment Limited and its affiliates.
- What Allied Gaming & Entertainment Does: Allied Gaming & Entertainment Inc is an experiential entertainment company focused on providing a growing world of gamers with various experiences through renowned assets, products, and services.
System1
- The Trade: System1, Inc. (NYSE:SST) 10% owner Cee Holdings Trust acquired a total of 119,551 shares at an average price of $1.44. To acquire these shares, it cost around $172,005.
- What's Happening: On May 9, System1 posted upbeat first-quarter results.
- What System1 Does: System1 Inc develops technology and data science to operate a responsive acquisition marketing platform.
Earth Science Tech
- The Trade: Earth Science Tech, Inc. (OTC:ETST) COO Mario Guillermo Tabraue acquired a total of 20,000 shares at an average price of $0.25. The insider spent around $4,980 to buy those shares.
- What's Happening: On June 28, Earth Science Tech reported revenue of over $11.9 million for its year ended March 31, 2024.
- What Earth Science Tech Does: Earth Science Tech Inc is a diversified holding company. The company is set to acquire companies with its current focus in the health and wellness industry.
Read More:
- S&P 500 Falls Following June Inflation Data: Fear & Greed Index Moves To 'Neutral' Zone