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.
NGL Energy Partners
The Trade: NGL Energy Partners LP (NYSE: NGL) CEO H. Michael Krimbill acquired a total of 150000 shares at an average price of $1.55. To acquire these shares, it cost $231,900.00.
What’s Happening: NGL Energy Partners, last week, reported a wider loss for its first quarter.
What NGL Energy Partners Does: NGL Energy Partners is a US-based firm that owns and operates a vertically integrated energy business.
PetVivo
The Trade: PetVivo Holdings, Inc. (NASDAQ: PETV) Director James Martin acquired a total of 7500 shares shares at an average price of $3.82. The insider spent $28,649.00 to buy those shares.
What’s Happening: PetVivo recently announced closing of public offering and Nasdaq listing.
What PetVivo Does: PetVivo Holdings is a US-based biomedical device company that focuses on the licensing and commercialization of medical devices and therapeutics for pets suffering from osteoarthritis and other afflictions.
Surgalign Holdings
The Trade: Surgalign Holdings, Inc. (NASDAQ: SRGA) President and CEO Terry Rich acquired a total of 1078701 shares at an average price of $0.93. To acquire these shares, it cost $1,006,646.38.
What’s Happening: Surgalign, earlier during the month, issued weak FY21 sales guidance.
What Surgalign Does: Surgalign Holdings is a medical technology company advancing the science of spine care, focused on delivering innovative solutions that drive superior clinical and economic outcomes.
ADM Endeavors
The Trade: ADM Endeavors, Inc. (OTC: ADMQ) COO Sarah Nelson acquired a total of 207406 shares shares at an average price of $0.06. The insider spent $12,386.31 to buy those shares.
What’s Happening: ADM Endeavors, recently, reported record revenue for July.
What ADM Endeavors Does: ADM Endeavors Inc operates a diverse vertical integrated business in the Dallas/Fort Worth area, consisting of a retail sales division, screenprint production, embroidery production, digital production, import wholesale sourcing, and uniforms.
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