On Wednesday, the Dow Jones fell by more than 500 points after the Fed made a rate decision. When insiders buy or sell shares, it indicates their confidence or concern about the company's prospects. The investors and traders who are interested in penny stocks can consider this a factor in their overall investment or trading decision.
Below is a look at a number of recent insider transactions for penny stocks. For more information, check out Benzinga's insider transactions platform.
The Trade: PFSweb, Inc. CEO Michael Willoughby, acquired 50,000 shares at an average price of $4.22. The insider spent around $211 thousand to buy those shares.
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