HomeMarket NewsMicro Cap Stocks Nerdy and Recent Stock Purchases by Insiders Insider Trading Insights: Recent Stock Purchases...

Nerdy and Recent Stock Purchases by Insiders Insider Trading Insights: Recent Stock Purchases Under $3

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The Dow Jones index closed higher by around 0.1% on Wednesday. Insider transactions can provide insights into a company’s prospects. For those eyeing penny stocks, such moves can be key in their investment decisions.

Let’s delve into a few recent significant insider purchases in low-priced stocks as highlighted by Benzinga’s platform.

Rave Restaurant Group

  • Insider Move: Rave Restaurant Group, Inc. RAVE CEO Brandon Solano acquired 11,376 shares at an average price of $1.72, totaling around $19,621.
  • Company Update: On Feb. 1, Rave Restaurant Group reported a decline in quarterly sales.
  • About the Company: Rave Restaurant Group Inc runs pizza buffet, delivery/carry-out, and express restaurants.

AmeriServ Financial

  • Insider Move: AmeriServ Financial, Inc. ASRV President & CEO, Jeffrey A Stopko, acquired 2,000 shares at an average cost of $2.53, amounting to about $5,060.
  • Company Update: On Jan. 23, AmeriServ Financial posted a loss for the fourth quarter.
  • About the Company: AmeriServ Financial Inc is a bank holding company primarily involved in banking, bank-related services, and trust-related services.

Nerdy

  • Insider Move: Nerdy, Inc. NRDY CEO Charles K. Cohn purchased 67,991 shares at an average price of $2.88, totaling $195,814.
  • Company Update: On March 11, Nerdy was given an Overweight rating by JP Morgan analyst Bryan Smilek, with a price target of $5.
  • About the Company: Nerdy Inc is a platform for live online learning, curated for direct-to-consumer access.

Fresh Tracks Therapeutics

  • Insider Move: Fresh Tracks Therapeutics, Inc. FRTX 10% owner Exploration Capital, LLC bought 16,329 shares at an average price of $0.92, spending around $14,951.
  • Company Update: Over the past month, the company’s stock took an 8% hit.
  • About the Company: Fresh Tracks Therapeutics Inc works on developing innovative prescription therapeutics to enhance patient well-being in the pharmaceutical space.

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