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.
TherapeuticsMD
The Trade: TherapeuticsMD, Inc. (NASDAQ: TXMD) Director Paul Bisaro acquired a total of 50000 shares at an average price of $0.79. To acquire these shares, it cost $39,500.00.
What’s Happening: TherapeuticsMD, earlier during the month, reported a Q2 loss of $0.11 per share.
What TherapeuticsMD Does: TherapeuticsMD Inc is a major drug manufacturing with a focus on creating and commercializing products targeted exclusively for women.
Pioneer Power Solutions
The Trade: Pioneer Power Solutions, Inc. (NASDAQ: PPSI) CEO Nathan Mazurek acquired a total of 5000 shares shares at an average price of 3.56. The insider spent $17,800.00 to buy those shares.
What’s Happening: The company’s stock dropped around 8% over the previous month.
What Pioneer Power Solutions Does: Pioneer Power Solutions Inc manufactures, sells and services a broad range of specialty electrical transmission, distribution, and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets.
Hudson Technologies
The Trade: Hudson Technologies, Inc. (NASDAQ: HDSN) President, CEO Brian F Coleman acquired a total of 25000 shares at an average price of $2.89. To acquire these shares, it cost $72,250.00.
What’s Happening: The company, earlier during the month, reported upbeat results for the second quarter.
What Hudson Technologies Does: Hudson Technologies Inc is an American industrial products manufacturer.
FlexShopper
The Trade: FlexShopper, Inc. (NASDAQ: FPAY) Director Howard Dvorkin acquired a total of 39207 shares shares at an average price of $2.26. The insider spent $88,423.89 to buy those shares.
What’s Happening: FlexShopper, recently, posted mixed results for the second quarter.
What FlexShopper Does: FlexShopper operates as a holding company in the United States, is 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.
Savara
The Trade: Savara Inc. (NASDAQ: SVRA) CEO Matthew Pauls acquired a total of 26900 shares at an average price of $1.18. To acquire these shares, it cost $31,865.76.
What’s Happening: Savara recently reported a narrower loss for its second quarter.
What Savara Does: Savara Inc is a pharmaceutical company. The company develops novel therapies for the treatment of serious or life-threatening rare respiratory diseases.
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