The Nasdaq Composite dropped by around 200 points on Friday. The investors focused their attention on some notable insider trades.
When insiders buy or sell shares, it shows their confidence or concern about the company's prospects. This will be a factor in the overall investment or trading decision for investors and traders interested in penny stocks.
The Trade: GeoVax Labs, Inc. Director Randal Chase acquired 10,000 shares at an average price of $1.10. The insider spent around $11 thousand to buy those shares.
Volatility In Markets increases after US stock prices record sharp losses.
The Trade: Great Elm Group, Inc. 10% owner BC Advisors LLC acquired a total of 13,463 shares at an average price of $2.05. The insider spent $27.59 thousand to buy those shares.