The Dow Jones dropped by more than 100 points on Thursday. The investors focused their attention on some notable insider trades.
When insiders purchase 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.
The Trade: Cyclo Therapeutics, Inc. Director Francis Patrick Ostronic acquired 5,000 shares at an average price of $1.76. The insider spent around $8.8 thousand to buy those shares.
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Don't forget to check out our premarket coverage here The Trade: Great Elm Group, Inc. 10% owner Long Ball Partners LLC acquired a total of 165,906 shares at an average price of $2.05. The insider spent $12.48 thousand to buy those shares.