The Dow Jones index closed lower by over 100 points 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.

Expensify

The Trade: Expensify, Inc. ( EXFY ) Director Timothy L Christen bought a total of 19,162 shares at an average price of $1.61. To acquire these shares, it cost around $30,851.

What's Happening: On May 9, Expensify ( EXFY ) posted downbeat quarterly results.

What Expensify Does: Expensify Inc ( EXFY ) is a cloud-based expense management software platform that helps various businesses simplify the way to manage money.

Bio Essence

The Trade: Bio Essence Corporation ( BIOE ) CEO Yin Yan acquired a total of 5,000,000 shares at an average price of $0.50. To acquire these shares, it cost around $2.5 million.

What's Happening: The company’s stock jumped around 127% over the past month.

What Bio Essence Does: Bio Essence Corp ( BIOE ) is an herbal health, diet, and nutrition company. The Company’s mission is to provide herbal health, diet, and vitamin nutritional supplements.

Perspective Therapeutics

The Trade: Perspective Therapeutics, Inc. ( CATX ) CFO Jonathan Robert Hunt acquired a total of 25,006 shares at an average price of $1.40. The insider spent around $35,007 to buy those shares. The company's Director Robert F Williamson III also bought 55,000 shares of the company.

What's Happening: On May 24, Perspective Therapeutics ( CATX ) announced the pricing of $80 million underwritten offering of common stock and pre-funded warrants.

What Perspective Therapeutics Does: Perspective Therapeutics Inc ( CATX ) is a medical technology and radiopharmaceutical company that is pioneering various treatment applications for cancers throughout the body.

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