Although US crude futures fell over 2% on Thursday, there were a few 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.
Catalyst Biosciences
- The Trade: Catalyst Biosciences, Inc. (NASDAQ:CBIO) Chief Scientific Officer Grant E Blouse acquired a total of 3,250 shares at an average price of $0.46. To acquire these shares, it cost $1.5 thousand.
- What’s Happening: Catalyst Biosciences, last month, received rare pediatric disease designation for CB 4332 for the treatment of CFI deficiency.
- What Catalyst Biosciences Does: Catalyst Biosciences Inc is a clinical-stage biopharmaceutical company. It mainly focuses on developing novel medicines to address serious medical conditions for individuals in need of treatment options.
MiX Telematics
- The Trade: MiX Telematics Limited (NYSE:MIXT) Director Ian Jacobs acquired a total of 250,625 shares at an average price of $0.48. The insider spent around $120.3 thousand to buy those shares.
- What’s Happening: The company recently reported upbeat quarterly sales.
- What MiX Telematics Does: MiX Telematics Ltd offers fleet and mobile asset management solutions delivered as Software-as-a-Service to customers across the globe.
Also check this: Insiders Buy Around $112M Of 3 Stocks
Lument Finance Trust
- The Trade: New Peoples Bankshares, Inc. (OTC:NWPP) Director John D Cox acquired a total of 6,078 shares at an average price of $2.12. To acquire these shares, it cost around $12.89 thousand.
- What’s Happening: The company’s stock gained around 1% over the previous month.
- What Lument Finance Trust Does: New Peoples Bankshares Inc is a bank holding company for New Peoples Bank. The Bank offers a range of banking & related financial services focused on serving individuals, small to medium-size businesses, and the professional community. Its main banking services include personal banking, business banking, and financial services.
U.S. Xpress Enterprises
- The Trade: U.S. Xpress Enterprises, Inc. (NYSE:USX) Director John Rickel acquired a total of 30,000 shares at an average price of $3.68. The insider spent $110.47 thousand to buy those shares.
- What’s Happening: U.S. Xpress and Aurora reoprted collaboration for the intelligent deployment of autonomous trucks.
- What U.S. Xpress Enterprises Does: U.S. Xpress Enterprises Inc is a truckload carrier in the United States. The company offers a portfolio of services using its own truckload fleet and third-party carriers through its non-asset-based truck brokerage network. Its segments are Truckload and Brokerage.
Tyme Technologies
- The Trade: Tyme Technologies, Inc. (NASDAQ:TYME) Chief Legal Officer James Biehl acquired a total of 20,000 shares at an average price of $0.34. The insider spent $6.8 thousand to buy those shares.
- What’s Happening: Tyme Technologies recently posted a Q3 loss of $0.03 per share.
- What Tyme Technologies Does: Tyme Technologies Inc is the U.S based clinical-stage biotechnology company.
