When insiders buy or sell stock, it indicates their confidence or concern about the company’s prospects. Investors and traders interested in penny stocks may consider it a factor in their overall investment or trading decision.
Below are some recent notable insider trades for penny stocks. For more, check out Benzinga’s Insider Trading platform.
Emmaus Life Sciences
The trade: Emmaus Life Sciences, Inc. (OTC: EMMA) Chairman & CEO Yutaka Niihara acquired a total of 2500 shares at an average price of $1.69. To acquire these shares, it cost $4,235.00.
What is going on: The company’s stock is up more than 20% in the past month.
What Emmaus Life Sciences does: Emmaus Life Sciences is a biopharmaceutical company engaged in the discovery, development and commercialization of novel treatments and therapies, primarily for rare and orphan diseases.
The trade: Planet Green Holdings Corp. (NYSE: PLAG) CEO Bin Zhou acquired a total of 1320000 shares shares at an average price of $2.60. The insider spent $3,432,000.00 to buy those shares.
What is going on: The company’s stock is down more than 46% since the beginning of the year.
What planet green does?: Planet Green Holdings is a diversified technology and consumer products company with presence in North America and China engaged in chemical products, tea products and online advertising services.
America’s Energy Services
The trade: Energy Services of America Corporation (OTC: ESOA) Director Frank Lucente acquired a total of 4150 shares at an average price of $1.86. To acquire these shares, it cost $7,715.00.
What is going on: The company’s shares are up more than 48% since the start of the year
What Energy Services of America does?: Energy Services of America is engaged in providing contracting services for energy related companies.
The trade: Iveda Solutions, Inc. (OTC: IVDA) Director Joseph A. Farnsworth acquired a total of 194486 shares at an average price of $0.31. To acquire these shares, it cost $59,599.70.
What is going on: The company’s stock is up more than 30% in the past month.
What Iveda Solutions does?: Iveda Solutions is engaged in providing real-time IP video surveillance technologies. The company supplies IoT sensors and devices for various applications such as energy management, smart home, smart building, smart community and patient and elderly care.
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