The Dow Jones index closed higher by around 250 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.
Cyanotech
The Trade: Cyanotech Corporation (NASDAQ: CYAN) Director Michael Davis acquired a total of 400,000 shares an average price of $1.00. To acquire these shares, it cost around $400,000.
What’s Happening: On Nov. 8, Cyanotech posted a narrower loss for the second quarter.
What Cyanotech Does: Cyanotech Corp is engaged in the production of natural products derived from microalgae for the nutritional supplements market.
BioAtla
The Trade: ...
Related tickers: CYAN, XAIR, CRDF, BCAB.
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