James Lim, Executive Vice President at Becton, Dickinson (NYSE:BDX), made a large buy and sell of company shares on September 3, according to a new SEC filing.
Douglas L Kennedy, Presidentident And Ceo at Peapack Gladstone Finl (NASDAQ:PGC), made a large insider sell on September 3, according to a new SEC filing.
Dr. Halden S. Shane, Chief Executive Officer at Tomi Environmental Solns (NASDAQ:TOMZ), made a large insider buy on September 3, according to a new SEC filing.
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.
When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.