The Dow Jones index closed higher by around 47 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.

FibroGen

The Trade: FibroGen, Inc. ( FGEN ) CEO Thane Wettig acquired a total of 50,000 shares an average price of $1.91. To acquire these shares, it cost around $95,470.

What's Happening: On March 11, FibroGen ( FGEN ) named Deyaa Adib, M.D. as Chief Medical Officer.

What FibroGen Does: FibroGen Inc ( FGEN ) is a biotechnology company focused on discovering, developing, and commercializing novel therapeutics to treat serious cancer biology and anemia.

RealReal

The Trade: The RealReal, Inc. ( REAL ) Director Karen Katz acquired a total of 6,500 shares at at an average price of $3.85. To acquire these shares, it cost around $25,025.

What's Happening: On Feb. 29, RealReal ( REAL ) reported better-than-expected fourth-quarter financial results and issued FY24 revenue guidance.

What RealReal Does: The RealReal ( REAL ) is the largest pure-play luxury resale platform in the US, generating $1.7 billion in 2023 gross merchandise volume and addressing a niche (personal luxury resale) that had previously been serviced by inefficient upscale boutiques and local pawn shops.

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Outlook Therapeutics

The Trade: Outlook Therapeutics, Inc ( OTLK ) Chief Commercial Officer Jeff Evanson acquired a total of 62,484 shares at an average price of $0.42. The insider spent around $26,243 to buy those shares.

What's Happening: On Feb. 14, Outlook Therapeutics ( OTLK ) posted a narrower-than-expected quarterly loss.

What Outlook Therapeutics Does: Outlook Therapeutics Inc ( OTLK ) is a clinical-stage biopharmaceutical company focused on developing and commercializing ONS-5010, a monoclonal antibody, or mAb, for various ophthalmic indications.

Globalstar

The Trade: Globalstar, Inc. ( GSAT ) Director James F Lynch acquired a total of 1,320,000 shares at an average price of $1.32. The insider spent around $1.75 million to buy those shares.

What's Happening: On Feb. 28, Globalstar ( GSAT ) reported worse-than-expected fourth-quarter sales results and issued FY24 total revenue guidance below estimates.

What Globalstar Does: Globalstar Inc ( GSAT ) is a telecommunications company that derives revenue from the provision of mobile satellite services.

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