The Dow Jones index closed higher by more than 150 points on Wednesday. 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.

Lumen Technologies

• The Insider Move: A director at Lumen Technologies, Inc. (LUMN) named James Fowler acquired a total of 33,500 shares at an average price of $1.68, amounting to a cost of around $56,428.
• Company Info: Lumen Technologies recently reported better-than-expected fourth-quarter financial results and operates as one of the major telecommunications carriers in the United States.

Dakota Gold

• The Insider Move: Robert Quartermain, a director at Dakota Gold Corp. (DC), acquired a total of 10,000 shares at an average price of $2.00, with an approximate cost of $20,000.
• Company Info: Despite a recent 33% drop in its stock over the past six months, Dakota Gold Corp is a gold exploration and development company with a focus on revitalizing the Homestake District in Lead, South Dakota.

Check This Out: Investor Sentiment Improves; Dow Jumps Over 150 Points

Orgenesis

• The Insider Move: Jacob Safier, a 10% owner at Orgenesis Inc. (ORGS), acquired a total of 365,140 shares at an average price of $0.58, amounting to an insider expenditure of around $213,280.
• Company Info: Orgenesis Inc. entered into a definitive agreement with MM OS Holdings, an affiliate of Metalmark Capital Partners, to acquire its approximate 25% stake in Octomera. Orgenesis is a biotech company focused on unlocking the potential of cell and gene therapies.

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