The Dow Jones index closed slightly higher on Friday. 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.

Crexendo

The Trade: Crexendo, Inc. ( CXDO ) Chief Revenue Officer Jon Brinton bought a total of 1,000 shares at an average price of $3.51. To acquire these shares, it cost around $3,510.

What's Happening: On May 7, Crexendo ( CXDO ) posted upbeat quarterly results.

What Crexendo Does: Crexendo Inc ( CXDO ) is a provider of cloud communications, UCaaS, call centers, collaboration services, and other cloud business services.

Retractable Technologies

The Trade: Retractable Technologies, Inc. ( RVP ) President and CEO Thomas J Shaw acquired a total of 32,752 shares at an average price of $0.88. To acquire these shares, it cost around $28,884.

What's Happening: On May 15, Retractable Technologies ( RVP ) posted a decline in quarterly sales.

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

Check This Out: Top 3 Materials Stocks That Are Set To Fly This Quarter

Aurora Innovation

The Trade: Aurora Innovation, Inc. ( AUR ) 10% owner Uber Technologies, Inc acquired a total of 25,037,036 shares at an average price of $3.00. The insider spent around $75 million to buy those shares.

What's Happening: On May 8, Aurora Innovation ( AUR ) reported a narrower-than-expected first-quarter loss.

What Aurora Innovation Does: Aurora Innovation Inc ( AUR ) is engaged in delivering self-driving technology safely, quickly, and broadly.

Telos

The Trade: Telos Corporation ( TLS ) Director Fredrick Schaufeld acquired a total of 54,650 shares at an average price of $3.98. The insider spent around $217,507 to buy those shares.

What's Happening: On May 10, Telos ( TLS ) posted upbeat quarterly results.

What Telos Does: Telos Corp ( TLS ) offers technologically forwarded, software-based security solutions that empower and protect the world’s security-conscious organizations against rapidly evolving, sophisticated, and pervasive threats.

Nanophase Technologies

The Trade: Nanophase Technologies Corporation ( NANX ) Director R Janet Whitmore acquired a total of 19,040 shares at an average price of $1.36. The insider spent $25,962 to buy those shares.

What's Happening: On April 23, Nanophase Technologies ( NANX ) announced financial results for the first quarter ended March 31, 2024.

What Nanophase Technologies Does: Nanophase Technologies Corp ( NANX ) is engaged in the production of engineered nanomaterial solutions and larger, sub-micron, materials such as personal care sunscreens, architectural coatings, industrial coating applications, and abrasion-resistant additives, plastics additives, medical diagnostics, energy.

Don’t forget to check out our premarket coverage here