The Dow Jones was up by around 35 points on Friday. 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 who are 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: The Beachbody Company, Inc. Co-Founder and Vice Chairman Jonathan Congdon acquired a total of 250,000 shares at an average price of $0.70. The insider spent around $175.94 thousand to buy those shares.
Don't forget to check out our premarket coverage here What Astrotech does: Astrotech Corporation, incorporated in 1984, is a mass spectrometry company in the world.