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.
The trade: Corvus Pharmaceuticals, Inc. (NASDAQ: CRVS) President and CEO Richard A. Miller acquired a total of 10,000 shares at an average price of $1.93. To acquire these shares, it cost $19,254.00.
What is going on: Corvus Pharmaceuticals recently announced that an application for a new investigational drug, submitted by its partner in China, Angel Pharma, to initiate a Phase 1/1b clinical trial of Corvus’ CPI-818 for the treatment of relapsed/ refractory T-cell lymphomas has been accepted by the Center for Drug Evaluation of the China National Medical Products Administration.
What Corvus Pharmaceuticals does?: Corvus Pharmaceuticals Inc. is a clinical stage biopharmaceutical agent engaged in the development of drugs and antibodies that target the most critical cellular elements of the immune system.
The trade: Hippo Holdings Inc. (NYSE: HIPO) Director Noah Knauf acquired a total of 167213 shares shares at an average price of $4.37. The insider spent $730,720.81 to buy those shares.
What is going on: Hippo Holdings recently increased its total generated premium for the full year.
What Hippo Holdings does?: Hippo Holdings is a home insurance group that has created a new standard of care and protection for homeowners.
The trade: Comstock Mining Inc. (NYSE: LODE) Director Leo Drozdoff acquired a total of 17,000 shares at an average price of $2.75. To acquire these shares it cost $46,750.00.
What is going on: The company recently reported dismal quarterly results.
What Comstock Mining does?: Comstock Mining Inc is a mining company with a focus on gold and silver deposits in Nevada’s Comstock and Silver City mining districts.
The trade: Hill International, Inc. (NYSE: HIL) Director Paul Evans acquired a total of 30600 shares shares at an average price of $2.28. The insider spent $69,874.00 to buy those shares.
What is going on: Hill International was recently selected by the City of Philadelphia, Division of Aviation, to provide capital program management support services for the city’s ongoing capital program at Philadelphia International Airport (PHL). The terms of the contract have not been disclosed.
What Hill International does?: Hill International provides project and construction management and other consultancy services for the buildings, transportation, environment, energy and industrial markets.
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