The Dow Jones index closed lower by around 100 points on Monday. 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.
Canine Capital: Wag! Group
- The Trade: Wag! Group Co. PET Director Brian Yee acquired a total of 3,500 shares at an average price of $2.01, totaling around $7,030.
- What’s Happening: On Feb. 14, Wag Group reported wider-than-expected quarterly losses.
- What Wag! Group Does: Wag Group Co develops and supports a proprietary marketplace technology platform available as a website and mobile app that connects independent Pet Caregivers with pet parents.
Flexible Investments: FlexShopper
- The Trade: FlexShopper, Inc. FPAY Director T Scott King acquired a total of 25,000 shares at an average price of $1.17, costing around $29,250.
- What’s Happening: On Nov. 14, FlexShopper reported better-than-expected third-quarter financial results.
- What FlexShopper Does: FlexShopper Inc is a financial technology company providing durable goods to consumers on a lease-to-own basis and offering lease-to-own terms to consumers of third-party retailers and e-tailers.
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Real Estate Resurgence: Franklin Street Properties
- The Trade: Franklin Street Properties Corp. FSP Director Brian N Hansen acquired a total of 50,000 shares at an average price of $2.33, investing approximately $116,320.
- What’s Happening: On Feb. 26, Franklin Street Properties posted better-than-expected quarterly sales.
- What Franklin Street Properties Does: Franklin Street Properties Corp is a real estate investment trust focused on commercial real estate investments in office markets, operating in the real estate operations segment.
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