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.
Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform.
Bimini Capital Management
- The Trade: Bimini Capital Management, Inc. (OTC:BMNM) Director Robert J Dwyer acquired a total of 5,000 shares an average price of $1.00. To acquire these shares, it cost around $4.99 thousand.
- What’s Happening: The company’ stock dropped over 25% over the past six months.
- What Bimini Capital Management Does: Bimini Capital Management Inc is a specialty finance company that operates in two reportable segments, The asset management segment includes the investment advisory services provided by Bimini Advisors to Orchid and Royal Palm.
- The Trade: comScore, Inc. (NASDAQ:SCOR) Director Paul William Livek acquired a total 250,000 shares at an average price of $1.02. The insider spent around $254.98 thousand to buy those shares.
- What’s Happening: comScore posted a narrower-than-expected Q4 loss.
- What comScore Does: comScore Inc is a United States-based company that provides digital media analytics services to customers in the media, advertising, and marketing industries.
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- The Trade: Nocera, Inc. (NASDAQ:NCRA) Director, CEO, President & Director Yin-Chieh Cheng acquired a total of 45,000 shares at an average price of $1.00. To acquire these shares, it cost around $45 thousand.
- What’s Happening: Nocera reported November revenues of $3.2 million.
- What Nocera Does: Nocera Inc is engaged in the manufacturing of aquaculture equipment, construction of aquaculture facilities, managing and operating aquaculture facilities and consulting for third-party operators of aquaculture facilities.
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