Benzinga - The Dow Jones closed lower by over 300 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.
Ammo
- The Trade: Ammo Inc (NASDAQ: POWW) President and COO Jared R. Smith bought a total of 50,000 shares at an average price of $2.04. To acquire these shares, it cost around $102 thousand.
- What’s Happening: AMMO reported worse-than-expected Q3 sales results.
- What Ammo Does: AMMO Inc engages in the design, manufacture, and market of ammunition products in the sporting industry in the United States.
Parks! America
- The Trade: Parks! America, Inc. (OTC: PRKA) Director Charles Kohnen acquired a total 35,700 shares at an average price of $0.44. The insider spent around $15.73 thousand to buy those shares.
- What’s Happening: The company’s stock dropped around 15% over the past six months.
- What Parks! America Does: Parks! America Inc through its subsidiaries involved in the business of acquiring, developing and operating local and regional theme parks and attractions in the United States.
Good Times Restaurants
- The Trade: Good Times Restaurants Inc. (NASDAQ: GTIM) SVP Operations Donald L Stack acquired a total of 1,609 shares at an average price of $2.91. To acquire these shares, it cost around $4.68 thousand.
- What’s Happening: Good Times Restaurants posted a Q1 loss of $0.01 per share.
- What Good Times Restaurants Does: Good Times Restaurants Inc is engaged in developing, owning, operating, and franchising hamburger-oriented drive-through restaurants.
Amesite
- The Trade: Amesite Inc (NASDAQ: AMST) CEO Ann Marie Sastry acquired a total of 2,000 shares at an average price of $2.42. The insider spent $4.84 thousand to buy those shares.
- What’s Happening: Amesite announced a 1-for-12 reverse stock split.
- What Amesite Does: Amesite Inc is an artificial intelligence-driven platform and course designer that rapidly provides customized, high performance and scalable online products for schools and businesses.