The Dow Jones settled lower by more than 300 points on Thursday. Investors, meanwhile, focused on some notable insider trades.
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.
Companies Reporting Before The Bell
• Opiant Pharma (NASDAQ:OPNT) is estimated to report quarterly loss at $1.49 per share on revenue of $3.68 million.
Gainers
Embark Technology, Inc. (NASDAQ: EMBK) jumped 84.8% to close at $1.07 on Friday after the company reported better-than-expected Q2 EPS results.
Credit Suisse cut the price target on LegalZoom.com, Inc. (NASDAQ: LZ) from $24 to $19. Credit Suisse analyst Stephen Ju maintained an Outperform rating on the stock. LegalZoom.com shares rose 7% to $11.76 in pre-market trading.