The Dow Jones jumped by more than 1% on Friday. 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.
Franklin Street Properties
- The Trade: Franklin Street Properties Corp FSP Director Brian N Hansen r bought a total of 100,000 shares at an average price of $2.37. To acquire these shares, it cost around $236.81 thousand.
- What’s Happening: The company posted better-than-expected quarterly sales.
- What Franklin Street Properties Does: Franklin Street Properties Corp is a real estate investment trust. The company is focused on commercial real estate investments in office markets.
Vicarious Surgical
- The Trade: Vicarious Surgical Inc RBOT Director Philip Liang acquired a total 30,000 shares at an average price of $2.60. The insider spent around $77.95 thousand to buy those shares.
- What’s Happening: Vicarious Surgical posted a narrower-than-expected quarterly loss.
- What Vicarious Surgical Does: Vicarious Surgical Inc designs a surgical robot that enables surgeons to perform minimally invasive surgery with 3D visualization and accurate control.
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Gran Tierra Energy
- The Trade: Gran Tierra Energy Inc GTE President and CEO Gary Guidry acquired a total of 150,000 shares at an average price of $0.86. To acquire these shares, it cost around $129 thousand.
- What’s Happening: Gran Tierra Energy posted downbeat quarterly sales.
- What Gran Tierra Energy Does: Gran Tierra Energy Inc is an independent energy company. It is engaged in the acquisition, exploration, development, and production of oil and gas properties.
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