The Dow Jones index closed lower by around 100 points on Tuesday. 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.
NextNav Inc.
- The Big Buy: NextNav Inc. NN saw 10% owner Joseph D Samberg acquire a total of 300,000 shares at an average price of $3.91, totaling around $1.17 million in investment.
- The Buzz: In November, NextNav announced the appointment of Mariam Sorond, a veteran industry leader, as the new Chief Executive Officer.
- What NextNav Does: NextNav Inc provides GPS service through its TerraPoiNT system, keeping critical infrastructure resilient with reliable Position, Navigation and Timing services in the absence of GPS.
Sigma Additive Solutions, Inc.
- The Insider Scoop: Sigma Additive Solutions, Inc. SASI CEO William Kerby acquired a total of 4,000 shares at an average price of $3.50, amounting to approximately $14,000.
- Company Update: Sigma Additive Solutions recently completed its acquisition of NextTrip Holdings through a share exchange.
- What Sigma Additive Solutions Does: Sigma Additive Solutions Inc is a leading provider of in-process quality assurance (IPQA) software to the additive manufacturing industry.
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Retractable Technologies, Inc.
- The Inside Scoop: Retractable Technologies, Inc. RVP President and CEO Thomas J Shaw acquired a total of 5,546 shares at an average price of $1.22, totaling approximately $6,766.
- What’s Up: On Nov. 14, Retractable Technologies reported that its loss from operations was $8.7 million for the first nine months of 2023.
- What Retractable Technologies Does: Retractable Technologies Inc designs, develops, manufactures, and markets safety syringes and other safety medical products for the healthcare profession.
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