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.
Emmaus Life Sciences
What’s Happening: The company’s shares jumped over 20% over the previous month.
What Emmaus Life Sciences Does: Emmaus Life Sciences is a biopharmaceutical company engaged in the discovery, development, and commercialization of new treatments and therapies primarily for rare and orphan diseases.
What’s Happening: The company’s shares have dropped over 46% since the start of the year.
What Planet Green Does: Planet Green Holdings is a diversified technology and consumer products company with presence in North America and China engaged in Chemical Products, Tea Products and Online Advertising Services.
Energy Services of America
What’s Happening: The company’s shares have jumped more than 48% year-to-date
What Energy Services of America Does: Energy Services of America is engaged in providing contracting services for energy-related companies.
What’s Happening: The company’s shares climbed more than 30% over the previous month.
What Iveda Solutions Does: Iveda Solutions is engaged in offering real-time IP video surveillance technologies. The company provides IoT sensors and devices for various applications such as energy management, smart home, smart building, smart community and patient and eldercare.
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