The Dow Jones index closed higher by around 60 points on Friday. Insider transactions can provide valuable insight into a company’s potential. For penny stocks, these transactions are particularly interesting for astute investors. It’s a bit like catching wind of a secret sale at your favorite store – a tip-off worth considering.
Let’s delve into a few recent noteworthy insider transactions for penny stocks. To explore more, visit Benzinga’s insider transactions platform.
Retractable Technologies
- The Trade: Retractable Technologies, Inc. RVP President and CEO Thomas J Shaw acquired a total of 2,497 shares at an average price of $1.22, costing a total of around $3,048.
- What’s Happening: On Nov. 14, Retractable Technologies reported a loss from operations of $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.
Perspective Therapeutics
- The Trade: Perspective Therapeutics, Inc. CATX Chief Medical Officer Markus Puhlmann acquired a total of 280,000 shares at at an average price of $0.50, costing around $139,888. The company’s Director Robert F. Williamson III also bought 51,996 shares of the company.
- What’s Happening: B. Riley Securities initiated coverage on the stock with a Buy rating and $1.20 price target.
- What Perspective Therapeutics Does: Perspective Therapeutics Inc is a medical technology and radiopharmaceutical company pioneering various treatment applications for cancers throughout the body.
ADM Endeavors
- The Trade: ADM Endeavors, Inc. ADMQ CEO Marc Johnson acquired a total of 108,510 shares at an average price of $0.04, spending around $4,449.
- What’s Happening: The company’s stock jumped around 52% over the past month.
- What ADM Endeavors Does: ADM Endeavors Inc operates a diverse vertical integrated business, consisting of a retail sales division, focusing on screen print promotions, embroidery production, digital production, import wholesale sourcing, and uniforms.
Earth Science Tech
- The Trade: Earth Science Tech, Inc. ETST Director Yovan A. Sanchez acquired a total of 50,000 shares at an average price of $0.06, spending around $3,000.
- What’s Happening: On Nov. 13, the company posted a net profit of $444,581 for its fiscal second quarter, versus a year-ago loss of $73,678.
- What Earth Science Tech Does: Earth Science Tech Inc is a diversified holding company focused on emerging prospects in the health and wellness industry.
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