The Dow Jones index closed lower by around 0.2% on Friday. 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.

Harvard Bioscience

The Trade: Harvard Bioscience, Inc. ( HBIO ) CEO James W Green bought a total of 10,000 shares at an average price of $2.91. To acquire these shares, it cost around $29,100.

What's Happening: On May 7, Harvard Bioscience ( HBIO ) posted weaker-than-expected quarterly sales.

What Harvard Bioscience Does: Harvard Bioscience Inc ( HBIO ) is a developer, manufacturer, and seller of technologies, specialized products and services that enable fundamental research, discovery, and pre-clinical testing for drug development.

Sypris Solutions

The Trade: Sypris Solutions, Inc. ( SYPR ) Director Gary L Convis acquired a total of 20,000 shares at an average price of $1.92. To acquire these shares, it cost around $38,400.

What's Happening: On June 3, Sypris named Michael D. Sedgwick as Vice President and General Manager of Sypris Electronics, LLC.

What Sypris Solutions Does: Sypris Solutions Inc ( SYPR ) is a USA-based company engaged in providing truck components, oil and gas pipeline components, and aerospace and defense electronics.

Holley

The Trade: Holley Inc. ( HLLY ) Exec. Chairman of the Board Matthew E Rubel acquired a total of 14,493 shares at an average price of $3.39. The insider spent around $49,131 to buy those shares.

What's Happening: On June 4, Telsey Advisory Group analyst Joseph Feldman maintained Holley with an Outperform and maintained a $6.5 price target.

What Holley Does: Holley Inc ( HLLY ) is a designer, marketer, and manufacturer of high-performance automotive aftermarket products, featuring a portfolio of iconic brands serving the car and truck industry.

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