US stock futures traded higher this morning on Monday. Investors, meanwhile, focused on some notable insider trades.
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.3
- The Trade: Chimerix, Inc. CMRX Director Robert Meyer acquired a total of 11,400 shares at an average price of $2.06. To acquire these shares, it cost $23.47 thousand.
- What’s Happening: Emergent BioSolutions recently agreed to acquire Chimerix’s exclusive worldwide rights to Tembexa (brincidofovir), the first FDA-approved antiviral for all age groups for smallpox.
- What Chimerix Does: Chimerix Inc. is a biopharmaceutical company based in the United States that engages in the research, development, and commercialization of medicines.
- The Trade: Volcon, Inc. VLCN Chief Technology Officer Christian Okonsky acquired a total of 20,000 shares at an average price of $1.16. The insider spent around $23.18 thousand to buy those shares.
- What’s Happening: Volcon said it has signed 100 dealers to sell its electric vehicles in North America.
- What Volcon Does: Volcon Inc is an all-electric, off-road powersports vehicle company developing and building electric two and four-wheel motorcycles and utility terrain vehicles, also known as side-by-sides, along with a complete line of upgrades and accessories.
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- The Trade: Aware, Inc. AWRE CEO and President Robert A Eckel acquired a total of 2,690 shares at an average price of $2.72. To acquire these shares, it cost around $7.32 thousand.
- What’s Happening: The company, last month, posted upbeat quarterly results.
- What Aware Does: Aware Inc is a provider of software and services to the biometrics industry. The company’s software products are used in government and commercial biometrics systems to identify or authenticate people.