The Dow Jones index closed lower by around 0.2% 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.
Harvard Bioscience
- The Trade: Harvard Bioscience, Inc. (NASDAQ:HBIO) CEO James W Green bought a total of 20,000 shares at an average price of $3.07. To acquire these shares, it cost around $61,400.
- What's Happening: On May 7, Harvard Bioscience posted weaker-than-expected quarterly sales.
- What Harvard Bioscience Does: Harvard Bioscience Inc is a developer, manufacturer, and seller of technologies, specialized products and services that enable fundamental research, discovery, and pre-clinical testing for drug development.
EZFill Holdings
- The Trade: EZFill Holdings Inc. (NASDAQ:EZFL) 10% owner Michael D Farkas acquired a total of 10,000 shares at an average price of $2.10. To acquire these shares, it cost around $20,985.
- What's Happening: On May 15, EzFill Holdings posted a narrower loss for the first quarter.
- What EZFill Holdings Does: EzFill Holdings Inc is an application-based on-demand fuel delivery company in Florida and a mobile fueling company that combines on-demand fills and subscription services that fill customer vehicles on routine intervals.
Air Industries Group
- The Trade: Air Industries Group (NYSE:AIRI) President Luciano M Melluzzo acquired a total of 11,082 shares at an average price of $3.64. The insider spent around $40,283 to buy those shares.
- What's Happening: On May 15, Air Industries Group reported better-than-expected first-quarter sales results.
- What Air Industries Group Does: Air Industries Group is an aerospace and defense company.
FlexShopper
- The Trade: FlexShopper, Inc. (NASDAQ:FPAY) Director Howard Dvorkin acquired a total of 75,346 shares at an average price of $1.10. The insider spent around $83,112 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.
Don't forget to check out our premarket coverage here