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Insiders Increasing Positions in Sportsman’s Warehouse and Other Penny Stocks

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Introduction

On Thursday, the Dow Jones closed higher by over 100 points. Investors and traders interested in penny stocks often pay attention to insider transactions as they can provide insight into a company’s prospects. In this article, we will look at recent notable insider transactions in penny stocks, including Brightcove, NEXGEL, Sportsman’s Warehouse, and RF Industries.

Brightcove (BCOV)

  • The Trade: Brightcove’s 10% owner, Jonathan Brolin, acquired a total of 2,764 shares at an average price of $3.27, spending approximately $9,035.
  • What’s Happening: Brightcove recently reported better-than-expected quarterly results.
  • What Brightcove Does: Brightcove is a provider of cloud-based services for the media and video ecosystem, catering to media companies, broadcasters, publishers, and corporations.

NEXGEL (NXGL)

  • The Trade: NEXGEL’s Director, John Nachum Stein, acquired a total of 2,500 shares at an average price of $1.96, spending around $4,900.
  • What’s Happening: NexGel recently reported a narrower loss for the second quarter.
  • What NexGel Does: NexGel manufactures hydrogels used for wound care, medical diagnostics, transdermal drug delivery, and cosmetics.

Sportsman’s Warehouse (SPWH)

  • The Trade: Sportsman’s Warehouse Director, Steven Sansom, acquired a total of 50,000 shares at an average price of $3.80, spending $190,000.
  • What’s Happening: Sportsman’s Warehouse reported worse-than-expected second-quarter earnings.
  • What Sportsman’s Warehouse Does: Sportsman’s Warehouse is an outdoor sporting goods retailer.

RF Industries (RFIL)

  • The Trade: RF Industries’ Director, Mark Holdsworth, acquired a total of 70,765 shares at an average price of $2.67, spending approximately $189,250.
  • What’s Happening: RF Industries recently posted downbeat quarterly results.
  • What RF Industries Does: RF Industries designs, manufactures, and markets interconnect products and systems, including cables and connectors for various applications.

Conclusion

Insider transactions can provide valuable insights for investors and traders interested in penny stocks. The recent insider buying in Brightcove, NEXGEL, Sportsman’s Warehouse, and RF Industries indicates confidence in these companies’ prospects. However, investors should consider these transactions alongside other factors before making any investment decisions.

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