The Dow Jones closed higher by more than 300 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.
Shares of Sweden-based oats drinks company Oatley Group AB (NASDAQ: OTLY) were rallying in premarket trading on Wednesday, bucking the negative sentiment relayed by the index futures.
The euphoria over Tuesday’s inflation numbers has apparently given way to skepticism, with index futures retreating sharply early Wednesday. Traders get to digest another set of key economic data points to make their conclusions about Fed’s potential March move.
Cues From Tuesday’s Trading: