The Dow Jones closed lower by over 300 points 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.
U.S. stocks traded lower this morning, with the Dow Jones dropping around 200 points on Wednesday.
Following the market opening Wednesday, the Dow traded down 0.61% to 33,880.45 while the NASDAQ fell 0.33% to 11,921.23. The S&P 500 also fell, dropping, 0.58% to 4,112.20.
Companies Reporting Before The Bell
• WESCO International (NYSE:WCC) is projected to report quarterly earnings at $3.79 per share on revenue of $5.37 billion.
AMMO's (NASDAQ:POWW) short percent of float has fallen 12.51% since its last report. The company recently reported that it has 7.50 million shares sold short, which is 8.46% of all regular shares that are available for trading.