The Dow Jones index closed higher by around 80 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.

PodcastOne

The Trade: PodcastOne, Inc. ( PODC ) Director D Jonathan Merriman bought a total of 42,000 shares at an average price of $1.95. To acquire these shares, it cost around $81,700.

What's Happening: On June 6, Litchfield Hills analyst Barry Sine initiated coverage on PodcastOne ( PODC ) with a Buy rating and announced a price target of $5.

What PodcastOne Does: PodcastOne Inc ( PODC ) formerly CourtSide Group Inc is a podcast platform and publisher that makes its content available to audiences via all podcasting distribution platforms, including its website, its PodcastOne ( PODC ) app, Apple Podcasts, Spotify, Amazon Music, and more.

Assertio Holdings

The Trade: Assertio Holdings, Inc. ( ASRT ) Director, Interim Executive Officer Heather L Mason acquired a total of 25,000 shares at an average price of $0.97. To acquire these shares, it cost around $24,250.

What's Happening: On June 6, Assertio Holdings ( ASRT ) reported inducement grants under NASDAQ Listing Rule 5635(c)(4).

What Assertio Holdings Does: Assertio Holdings Inc ( ASRT ) is a pharmaceutical company. It is engaged in providing solutions to advance patient care in the areas of neurology, orphan and specialty medicines.

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BigBear.ai Holdings

The Trade: BigBear.ai Holdings, Inc. ( BBAI ) Director Pamela Joyce Braden acquired a total of 140,939 shares at an average price of $1.49. The insider spent around $209,999 to buy those shares.

What's Happening: On May 2, BigBear.ai ( BBAI ) reported worse-than-expected first-quarter financial results.

What BigBear.ai Holdings Does: BigBear.ai Holdings Inc ( BBAI ) is a technology-led solutions organization, that provides both software and services to its customers.

Neuronetics

The Trade: Neuronetics, Inc. ( STIM ) Director Robert Cascella acquired a total of 50,000 shares at an average price of $2.05. The insider spent around $102,550 to buy those shares.

What's Happening: On May 7, Neuronetics ( STIM ) reported first-quarter financial results and issued second-quarter revenue guidance below estimates.

What Neuronetics Does: Neuronetics Inc ( STIM ) a commercial stage medical technology company focused on designing, developing and marketing products that improve the quality of life for patients who suffer from psychiatric disorders.

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