The Dow Jones index closed higher by over 550 points on Thursday. 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.
One Stop Systems
- The Trade: One Stop Systems, Inc. (NASDAQ:OSS) Director Joseph M.. Manko Jr bought a total of 75,000 shares at an average price of $1.96. To acquire these shares, it cost around $146,750.
- What's Happening: On Aug. 8, One Stop Systems reported worse-than-expected second-quarter adjusted EPS results.
- What One Stop Systems Does: One Stop Systems Inc designs, manufactures, and markets specialized rugged high-performance compute (“HPC”), high-speed switch fabrics, and storage systems, which are designed to target edge applications for artificial intelligence (“AI”) / machine learning (“ML”), sensor processing, sensor fusion, and autonomy.
System1
- The Trade: System1, Inc. (NYSE:SST) 10% owner Cee Holdings Trust acquired a total of 19,491 shares at an average price of $1.08. To acquire these shares, it cost around $20,982.
- What's Happening: On Aug. 8, System1 posted upbeat quarterly earnings.
- What System1 Does: System1 Inc develops technology and data science to operate a responsive acquisition marketing platform.
FlexShopper
- The Trade: FlexShopper, Inc. (NASDAQ:FPAY) Director Howard Dvorkin acquired a total of 31,369 shares at an average price of $1.06. The insider spent around $33,343 to buy those shares.
- What's Happening: On Aug. 6, FlexShopper posted a narrower-than-expected quarterly loss.
- What FlexShopper Does: FlexShopper Inc is a financial technology company engaged in providing certain types of durable goods to consumers on a lease-to-own basis and providing lease-to-own (LTO) terms to consumers of third-party retailers and e-tailers.
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