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.
Flotek Industries
- The Trade: Flotek Industries, Inc. (NYSE:FTK) President and CEO John Gibson Jr acquired a total of 4000 shares at an average price of $1.21. To acquire these shares, it cost $4,840.00.
- What’s Happening: Flotek Industries recently announced it received an unsolicited indication of interest for a potential transaction for all or part of the company.
- What Flotek Industries Does: Flotek Industries Inc delivers chemistry-based technology solutions for energy, industrial, and consumer applications. It develops and supplies chemistry and services to the oil and gas industries, and high-value compounds to companies that make food and beverages, cleaning products, cosmetics, and others.
Westwater Resources
- The Trade: Westwater Resources, Inc. (NYSE:WWR) Vice President and CFO Jeffrey L Vigil acquired a total of 7000 shares at an average price of $2.20. The insider spent $15,375.79 to buy those shares.
- What’s Happening: Westwater Resources, in November, announced Letter of Intent for sale of battery graphite.
- What Westwater Resources Does: Westwater Resources Inc is an explorer and developer of mineral resources that are materials essential to clean energy production
IronNet
- The Trade: IronNet, Inc. (NYSE:IRNT) Director John Keane acquired a total of 25000 shares at an average price of $4.24. To acquire these shares, it cost $106,000.00.
- What’s Happening: IronNet, last month, said Q3 sales results were lower year over year.
- What IronNet Does: IronNet Inc is a global cybersecurity leader that is transforming how organizations secure their networks by delivering the first-ever Collective Defense platform operating at scale.
