The Dow Jones tumbled more than 150 points 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.
Lineage Cell Therapeutics
- The Trade: Lineage Cell Therapeutics, Inc. (NASDAQ:LCTX) Director Neal Bradsher acquired a total of 930,106 shares at an average price of $1.42. To acquire these shares, it cost $1.32 million.
- What’s Happening: Lineage Cell Therapeutics recently posted Q4 loss of $0.17 per share.
- What Lineage Cell Therapeutics Does: Lineage Cell Therapeutics Inc is a clinical-stage biotechnology company focused on the development and commercialization of novel therapies for the treatment of degenerative diseases.
Team
- The Trade: Team, Inc. (NYSE:TISI) Non-Executive Chairman Michael J Caliel acquired a total of 20,000 shares at an average price of $1.56. The insider spent around $31.2 thousand to buy those shares.
- What’s Happening: Team recently reported the departure of Amerino Gatti from his positions as Chairman and Chief Executive Officer, effective March 21, 2022.
- What Team Does: Team Inc is a provider of specialty industrial services, including inspection, engineering assessment and mechanical repair and remediation required in maintaining high temperature and high-pressure piping systems and vessels that are utilized in the refining, petrochemical, and others.
Also check this: Children's Place And 2 Other Stocks Bought By Insiders
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Williams Industrial Services
- The Trade: Williams Industrial Services Group Inc. (NYSE:WLMS) VP, Chief Financial Officer Damien Vassall acquired a total of 11,500 shares at an average price of $1.83. To acquire these shares, it cost around $21.08 thousand.
- What’s Happening: The company recently posted downbeat quarterly earnings.
- What Williams Industrial Services Does: Williams Industrial Services Group Inc provides a range of construction, maintenance, and support services to customers in energy, power, and industrial end markets.
Heritage Global
- The Trade: Heritage Global Inc. (NASDAQ:HGBL) Director, President of subsidiary David van Ludwig acquired a total of 8,000 shares at an average price of $1.34. The insider spent $10.72 thousand to buy those shares.
- What’s Happening: The company recently posted downbeat quarterly earnings.
- What Heritage Global Does: Heritage Global Inc is a diversified financial services company. The firm provides acquisition, disposition, valuation, and lending services for surplus and distressed assets.
