The Dow Jones index closed lower by around 150 points on Wednesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform.

Retractable Technologies

The Trade: Retractable Technologies, Inc. ( RVP ) President and CEO Thomas J Shaw bought a total of 8,881 shares at an average price of $0.94. To acquire these shares, it cost around $8,375.

What's Happening: On Aug. 14, Retractable Technologies ( RVP ) posted a wider quarterly loss.

What Retractable Technologies Does: Retractable Technologies Inc ( RVP ) designs, develops, manufactures, and markets safety syringes and other safety medical products for the healthcare profession.

Volcon

The Trade: Volcon, Inc. ( VLCN ) 10% owner Sabby Management, LLC acquired a total of 3,194 shares at an average price of $1.55. To acquire these shares, it cost around $4,936.

What's Happening: On Aug. 6, Volcon ( VLCN ) reported a year-over-year increase in second-quarter sales results

What Volcon Does: Volcon Inc ( VLCN ) is an all-electric, off-road powersports vehicle company developing and building electric two and four-wheel motorcycles and utility terrain vehicles, also known as side-by-sides, along with a complete line of upgrades and accessories.

MSP Recovery

The Trade: MSP Recovery, Inc. ( LIFW ) CEO John Hasan Ruiz acquired a total of 50,000 shares at an average price of $0.24. The insider spent around $12,115 to buy those shares.

What's Happening: On Aug. 18, MSP Recovery ( LIFW ) revealed a $3.1 million antitrust lawsuit settlement.

What MSP Recovery Does: MSP Recovery Inc ( LIFW ) is a healthcare recovery and data analytics company.

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