As the Dow Jones soared more than 300 points on Friday, insider trading took center stage. Insiders buying or selling shares can offer a glimpse into their outlook on a company’s future. For those eyeing penny stocks, these insider moves can play a significant role in shaping investment decisions.
Let’s delve into some recent notable insider transactions in the world of penny stocks.
Insider Purchase at TSS Inc. (TSSI)
- The Trade: TSS, Inc.TSSI President and CEO Darryll E Dewan acquired 10,000 shares at an average price of $0.60, totaling $6,000.
- What’s Happening: TSS reported results for its fourth quarter and fiscal year ended Dec. 31, 2023.
- Company Overview: TSS Inc offers a range of services for mission-critical facilities and information infrastructure, in addition to integration services.
Insider Trades at Butler National Corporation (BUKS)
- The Trade: Butler National CorporationBUKS saw Director Joseph Patrick Daly acquire 89,200 shares at an average price of $0.79, totaling $70,216. President and CEO Christopher J Reedy also purchased 5,000 shares.
- What’s Happening: The company’s operating income surged 12% to $3.8 million for the third quarter.
- Company Profile: Butler National Corp specializes in designing, manufacturing, and servicing a wide array of aerostructures, aircraft components, avionics, and systems.
Insider Buying at Fresh Tracks Therapeutics, Inc. (FRTX)
- The Trade: Fresh Tracks Therapeutics, Inc.FRTX saw 10% owner Exploration Capital, LLC acquire 17,378 shares at an average price of $0.91, amounting to $15,814.
- What’s Happening: The company’s stock witnessed a 9% decline over the past six months.
Make sure to take a look at our list of tech and telecom stocks with over 6% dividend yields, recommended by Wall Street’s most accurate analysts.
Don’t forget to check out our premarket coverage here.