Benzinga - by Lisa Levin, Benzinga Editor.
The Dow Jones closed lower by around 75 points on Wednesday. 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.
Aspen Group
- The Trade: Aspen Group, Inc. (OTC: ASPU) Director Douglas Kass acquired a total of 75,000 shares an average price of $0.14. To acquire these shares, it cost around $10,560.
- What’s Happening: Aspen Group recently announced closing of $12.4 million private placement.
- What Aspen Group Does: Aspen Group Inc is an education technology holding company that leverages its infrastructure and expertise to allow its two universities, Aspen University and United States University, to deliver on the vision of making college affordable again.
- The Trade: CSI Compressco LP (NASDAQ: CCLP) Director James R Larson acquired a total of 11,000 shares at an average price of $1.19. The insider spent around $13,074.
- What’s Happening: CSI Compressco posted a narrower second-quarter loss.
- What CSI Compressco Does: CSI Compressco LP is a limited partnership operating in the U.S. The company is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage.
- The Trade: Ocean Power Technologies, Inc. (NASDAQ: OPTT) Senior VP and CFO Robert P. Powers acquired a total of 12,345 shares at an average price of $0.40. To acquire these shares, it cost around $4,950.
- What’s Happening: Ocean Power Techs posted a wider first-quarter loss.
- What Ocean Power Technologies Does: Ocean Power Technologies Inc provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets.
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