The Dow Jones index closed higher by more than 200 points on Thursday. 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.
The Trade: Red Robin Gourmet Burgers, Inc. ( RRGB ) President and CEO Gerard Johan Hart bought a total of 10,000 shares at an average price of $3.15. To acquire these shares, it cost around $31,526.
What's Happening: On Aug. 22, Red Robin ( RRGB ) reported downbeat earnings for its second quarter and lowered its FY24 revenue guidance.
What Red Robin Does: Red Robin Gourmet Burgers Inc ( RRGB ) is a restaurant operator. The company develops, operates, and franchises casual-dining restaurants and fast-casual restaurants in North America.
The Trade: DarioHealth Corp ( DRIO ) Chief Commercial Officer Steven Charles Nelson acquired a total of 10,000 shares at an average price of $0.82. To acquire these shares, it cost around $8,244.
What's Happening: On Aug. 8, DarioHealth ( DRIO ) posted second-quarter GAAP earnings of 8 cents per share.
What DarioHealth Does: DarioHealth Corp ( DRIO ) is a digital therapeutics (DTx) company delivering personalized evidence-based interventions that are driven by precision data analytics, software, and personalized coaching.
The Trade: Nerdy Inc ( NRDY ) Director Abigail Blunt acquired a total of 49,045 shares at an average price of $0.91. The insider spent around $44,631 to buy those shares.
What's Happening: On Aug. 8, Nerdy ( NRDY ) reported worse-than-expected second-quarter revenue.
What Nerdy Does: Nerdy Inc ( NRDY ) is a curated direct-to-consumer platform for live online learning. Its purpose-built proprietary platform leverages technology, including AI, to connect learners of all ages to experts, delivering superior value on both sides of the network.
Read Next:
PayPal Is A Buy, Jim Cramer Says: As For Rivian? ‘Let It Percolate’
