The Dow Jones index closed lower by around 0.1% 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.

Tecogen

The Trade: Tecogen Inc. ( TGEN ) Director Earl R Lewis bought a total of 10,000 shares at an average price of $0.68. To acquire these shares, it cost around $6,800. The company's Director John Hatsopoulos also bought 5,000 shares.

What's Happening: Tecogen ( TGEN ) is expected to release first-quarter financial results on Thursday, May 9.

What Tecogen Does: Tecogen Inc ( TGEN ), designs, manufactures, markets, and maintains high-efficiency, ultra-clean cogeneration products. It operates in three business segments, namely Products, Services, and Energy Production.

Bespoke Extracts

The Trade: Bespoke Extracts, Inc. ( BSPK ) CEO Michael Feinsod acquired a total of 5,000 shares at an average price of $0.11. To acquire these shares, it cost around $550.

What's Happening: The company's stock lost around 22% over the past six months.

What Bespoke Extracts Does: Bespoke Extracts Inc ( BSPK ) is focused on selling its proprietary line of specially-formulated, premium quality, hemp-derived CBD products.

GlucoTrack

The Trade: GlucoTrack, Inc. ( GCTK ) Director Drew Sycoff acquired a total of 182,540 shares at an average price of $1.26. The insider spent around $230,000 to buy those shares.

What's Happening: GlucoTrack ( GCTK ) recently announced closing of private placement.

What GlucoTrack Does: GlucoTrack Inc ( GCTK ) is a medical device company. It focuses on the design, development, and commercialization of non-invasive glucose monitoring devices for use by people with diabetes and pre-diabetics.

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