The Dow Jones index closed lower by over 200 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.

Nine Energy Service

The Trade: Nine Energy Service, Inc. ( NINE ) 10% owner William Monroe bought a total of 470,362 shares at an average price of $1.58. To acquire these shares, it cost around $744,019.

What's Happening: On Aug. 5, Nine Energy Service ( NINE ) posted downbeat quarterly results.

What Nine Energy Service Does: Nine Energy Service Inc ( NINE ) is a North American onshore completion and production services provider

Custom Truck One Source

The Trade: Custom Truck One Source, Inc. ( CTOS ) President -Rentals Thomas R. Rich acquired a total of 26,200 shares at an average price of $3.84. To acquire these shares, it cost around $100,653.

What's Happening: On Aug. 1, Custom Truck One Source ( CTOS ) reported worse-than-expected second-quarter financial results.

What Custom Truck One Source Does: Custom Truck One Source Inc ( CTOS ) is a one-stop-shop provider of specialty equipment in the electric utility transmission and distribution, forestry, telecom, waste management, rail, and infrastructure end-markets in North America.

Butterfly Network

The Trade: Butterfly Network, Inc. ( BFLY ) President and CEO Joseph Devivo acquired a total of 104,000 shares at an average price of $0.95. The insider spent around $98,519 to buy those shares.

What's Happening: On Aug. 1, Butterfly Network ( BFLY ) reported better-than-expected second-quarter financial results.

What Butterfly Network Does: Butterfly Network Inc ( BFLY ) is a digital health business transforming care with handheld, whole-body ultrasound.

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