The Dow Jones index closed higher by more than 300 points on Thursday. 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.

Amtech Systems

• The Insider Move: Amtech Systems, Inc. ASYS Chairman and CEO Robert C Daigle acquired a total of 3,500 shares at an average price of $4.21, totaling around $14,735.
• Company Momentum: Amtech Systems reported upbeat results for its first quarter.
• Company Overview: Amtech Systems Inc is a manufacturer of capital equipment, including thermal processing and wafer polishing, and related consumables used in fabricating semiconductor devices.

Bespoke Extracts

• The Insider Move: Bespoke Extracts, Inc. BSPK CEO Michael Feinsod acquired a total of 96,500 shares at an average price of $0.07, amounting to around $5,710.
• Company Status: The company’s stock lost around 40% over the past six months.
• Company Description: Bespoke Extracts Inc is focused on selling its proprietary line of specially-formulated, premium quality, hemp-derived CBD products.

Blend Labs

• The Insider Move: Blend Labs, Inc. BLND Head of Finance and Admin. Amir Jafari acquired a total of 6,051 shares at an average price of $2.61, for an expenditure of around $15,777.
• Company Development: Wells Fargo upgraded the stock from Equal-Weight to Overweight and raised its price target from $1.5 to $3.5 in December.
• Company Profile: Blend Labs Inc is a cloud-based platform software that powers the digital interface between financial services firms and consumers.

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