The Dow Jones index closed lower by 0.5% on Monday. 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.

MultiPlan

The Trade: MultiPlan Corporation ( MPLN ) Director Anthony Colaluca Jr bought a total of 160,000 shares at an average price of $0.60. To acquire these shares, it cost around $96,000.

What's Happening: On May 8, MultiPlan ( MPLN ) posted a GAAP loss of 83 cents per share.

What MultiPlan Does: MultiPlan Corp ( MPLN ) is a provider of data analytics and technology-enabled solutions designed to bring affordability, efficiency, and fairness to the U.S. healthcare industry.

Fresh Tracks Therapeutics

The Trade: Fresh Tracks Therapeutics, Inc. ( FRTX ) 10% owner Exploration Capital, LLC acquired a total of 74,565 shares at an average price of $0.92. To acquire these shares, it cost around $68,592.

What's Happening: The company's stock gained around 16% over the past six months.

Clover Health Investments

The Trade: Clover Health Investments, Corp. ( CLOV ) Director Anna U Loengard acquired a total of 27,085 shares at an average price of $0.94. The insider spent around $25,672 to buy those shares.

What's Happening: On May 7, Clover Health Investments ( CLOV ) reported better than expected first-quarter financial results.

What Clover Health Investments Does: Clover Health Investments Corp ( CLOV ) is a healthcare technology company. It focuses on empowering Medicare physicians to proactively manage chronic diseases through its proprietary software platform, Clover Assistant.

Read More: Jim Cramer Says This Materials Stock Is A ‘Great Spec,’ Plus He Recommends Buying Abercrombie & Fitch