The Nasdaq recorded gains for the fourth week in a row. When insiders buy or sell shares, it shows their confidence or concern about the company's prospects. This is a factor in the overall investment or trading decision for investors and traders interested in penny stocks.
Below is a look at some recent insider transactions for penny stocks. You can find more information on Benzinga's insider transactions platform.
The Trade: MAIA Biotechnology, Inc. Director Stan Smith acquired a total of 236 shares at an average price of $4.24. The insider spent around $1 thousand to buy those shares.
Check This Out: Fear Greed Index Remains In 'Greed Zone As Nasdaq Record Gains For Fourth Straight Week