5 insider trades for Thursday's stock market

The Dow Jones went up by more than 500 points on Wednesday. The investors were focused on some notable insider trades.

When insiders buy or sell shares, it indicates their confidence or concern about the company's prospects. It is important to consider this as a factor in their overall investment or trading decision for investors and traders interested in penny stocks.

The Trade: Great Elm Group, Inc. 10% owner of BC Advisors LLC acquired 111,334 shares at an average price of $1.99. The insider spent $221.46 thousand to buy those shares.

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You can find premarket coverage here: ReWalk Robotics Ltd. 10% of the Lind Global Macro Fund LP acquired 38,078 shares at an average price of $0.83. The insider spent $31.6 thousand to buy those shares.