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.
What’s Happening: ZIOPHARM, last month, reported Q2 earnings results.
What ZIOPHARM Oncology Does: ZIOPHARM Oncology is a biotechnology company that acquires, develops, and commercializes cancer therapies.
EVO Transportation & Energy Services
The Trade: EVO Transportation & Energy Services, Inc. (OTC: EVOA) Chief Administrative Officer R. Scott Wheeler acquired a total of 70000 shares shares at an average price of $2.50. The insider spent $150,000.00 to buy those shares. The insider also sold a total of 60000 shares.
What’s Happening: The company’s shares tumbled 60% over the previous six months.
What EVO Transportation Does: EVO Transportation & Energy Services is a holding company based in Peoria, Arizona. The company along with its subsidiaries is engaged in the business of acquiring, building and operating public and private CNG fueling stations.
What’s Happening: The company’s shares have tumbled around 32% since the start of the year.
What RocketFuel Blockchain Does: RocketFuel Blockchain is a development-stage company that is in the process of developing check-out systems based upon blockchain technology and designed to increase speed, security, and ease of use.
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