The Dow Jones index closed higher by over 50 points on Friday. 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.
ADM Endeavors
- The Insider Move: ADM Endeavors, Inc. ADMQ CEO Marc Johnson acquired a total of 100,000 shares at an average price of $0.05, totaling approximately $5,200.
- Recent Performance: The company’s stock declined by 12% over the past month.
- Business Operations: ADM Endeavors Inc operates a diverse vertically integrated business, with a retail sales division focusing on screen print promotions, embroidery production, digital production, import wholesale sourcing, and uniforms.
Charles & Colvard
- The Insider Move: Charles & Colvard, Ltd. CTHR President and CEO Don O’Connell acquired a total of 30,000 shares at an average price of $0.34, with a total cost of around $10,164.
- Recent Update: On Feb. 13, Charles & Colvard reported a quarterly loss of 9 cents per share.
- Business Focus: Charles & Colvard Ltd manufactures, markets, and distributes finished jewelry, including moissanite gemstones in the jewelry market.
Earth Science Tech
- The Insider Move: Earth Science Tech, Inc. ETST CEO Giorgio R. Saumat acquired a total of 110,000 shares at an average price of $0.08, amounting to around $8,250.
- Recent Development: On Jan. 29, Earth Science Tech announced a $5 million common stock repurchase program.
- Business Strategy: Earth Science Tech Inc is a diversified holding company, currently focusing on emerging opportunities in the health and wellness industry.
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