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.
United Health Products
The Trade: United Health Products, Inc. (OTC: UEEC) CEO Brian D. Thom acquired a total of 27102 shares at an average price of $0.95. The insider spent $25,746.90 to acquire those shares.
What’s Happening: The company’s shares jumped around 7% over the previous six months
What United Health Products Does: United Health Products is a US-based company. It mainly manufactures and markets a patented hemostatic gauze for the healthcare and wound care sectors.
Windtree Therapeutics
The Trade: Windtree Therapeutics, Inc. (NASDAQ: WINT) Director James Huang acquired a total of 50000 shares shares at an average price of $1.90. The insider spent $95,135.00 to buy those shares.
What’s Happening: Windtree Therapeutics, during August, reported a Q2 loss of $1.42 per share.
What Windtree Therapeutics Does: Windtree Therapeutics Inc is a development-stage biotechnology company focused on developing KL4 surfactant therapies for respiratory diseases. Its technology platform includes a synthetic, peptide-containing surfactant and novel drug delivery technologies that deliver aerosolized KL4 surfactant without invasive procedures.
Live Current Media
The Trade: Live Current Media Inc. (OTC: LIVC) Director Amir Vahabzadeh acquired a total of 9000 shares at an average price of $0.19. To acquire these shares, it cost $1,701.00.
What’s Happening: The company’s stock has jumped over 400% since the start of the year.
What Live Current Media Does: Live Current Media Inc is a digital technology company involved in the entertainment industry. Currently, the company is developing two projects, SPRT MTRX for App Store and Play Store and Boxing.com FEDERATION.
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