The Dow Jones index closed lower by more than 50 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.
Zomedica
- The Trade: Zomedica Corp. (NYSE:ZOM) COO Anthony K Blair bought a total of 100,000 shares at an average price of $0.14. To acquire these shares, it cost around $14,200.
- What's Happening: On Aug. 14, Zomedica posted downbeat quarterly sales.
- What Zomedica Does: Zomedica Corp is a veterinary health company creating products for companion animals (canine, feline and equine) by focusing on the unmet needs of clinical veterinarians.
Alset
- The Trade: Alset Inc. (NASDAQ:AEI) CEO Heng Fai Ambrose Chan acquired a total of 27,413 shares at an average price of $0.94. To acquire these shares, it cost around $25,872.
- What's Happening: The company's stock fell around 25% over the past month.
- What Alset Does: Alset Inc is a diversified holding company engaged through its subsidiaries in the development of EHome communities and other real estate, financial services, digital transformation technologies, biohealth activities, and consumer products with operations in the United States, Singapore, Hong Kong, Australia, and South Korea.
Nerdy
- The Trade: Nerdy, Inc. (NYSE:NRDY) CEO Charles K. Cohn acquired a total of 10,993,192 shares at an average price of $0.89. The insider spent around $9.7 million to buy those shares.
- What's Happening: On Aug. 8, Nerdy reported worse-than-expected second-quarter revenue.
- What Nerdy Does: Nerdy Inc is a curated direct-to-consumer platform for live online learning.
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