The Dow Jones was down by around 200 points on Thursday. The investors 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 for investors and traders interested in penny stocks to consider this as a factor in their overall investment or trading decision.
Below is a look at a number of recent insider transactions for penny stocks. The Trade: OmniAb, Inc. President and CEO Matthew Foehr acquired a total of 300,000 shares at an average price of $3.39. The insider spent around $1.02 million to buy those shares.
Don t forget to check out our premarket coverage here - Ballantyne Strong does: Ballantyne Strong Inc produces and distributes projection screens and provides technical support to the cinema exhibition industry, theme parks, schools, museums, and other entertainment related markets.