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Lumen Technologies And 2 Other Stocks Under $2 Insiders Are Buying Insiders Show Confidence – Inside The Stocks They’re Betting On

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Behold! The Dow Jones index triumphed, closing on a high note, soaring more than 100 points on Monday. When insiders boldly seize shares of a company, it’s a vivid indicator of their confidence or concerns about its future. Keen investors and traders, particularly those drawn to penny stocks, stand to gain insights from this show of faith, potentially shaping their investment decisions.

Let’s delve into the recent moments of raw courage displayed by insiders – a bold move that speaks volumes in the language of stocks. For more, check out Benzinga’s insider transactions platform.

Lumen Technologies

  • The Insight: Lumen Technologies, Inc. LUMN Director James Fowler embraced 30,000 shares, at an average price of $1.50. This display of trust cost him $45,000.
  • The Buzz: Lumen Technologies unmasked spectacular fourth-quarter financial results.
  • The Forte: Armed with 450,000 miles of fiber, Lumen Technologies stands tall, ranking among the United States’ telecom behemoths, serving global enterprises.

Nanophase Technologies

  • The Deed: Nanophase Technologies Corporation NANX 10% owner Bradford T. Whitmore procured a whopping 3,824,864 shares boasting an average price of $0.40. The stake amounted to a grand total of around $1,529,946.
  • The Scoop: Nanophase recently unfurled rights offering to stockholders.
  • The Craft: Nanophase Technologies Corp, a U.S based powerhouse, engineers nanomaterial solutions and explores sub-micron materials, spanning from personal care sunscreens to medical diagnostics and energy.

Sunshine Biopharma

  • The Move: Sunshine Biopharma, Inc. SBFM CEO Steve N. Slilaty snagged 20,000 shares at an inviting average price of $0.10. His stake amounted to a mere $2,000.
  • The Scoop: Sunshine Biopharma unveiled a quarterly loss, but one that was narrower than expected.
  • The Mission: Sunshine Biopharma Inc, a heroic pharmaceutical company, channels its energy toward the research, development, and commercialization of oncology and antiviral drugs.

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