US crude futures traded higher on Friday. Investors, meanwhile, focused on some notable insider trading.
When insiders buy or sell stock, it shows their confidence or concern about the company’s prospects. Investors and traders interested in penny stocks may consider this as a factor in their overall investment or trading decision.
Below is a look at some notable penny stock insider trades. For more information, see Benzinga insider trading platform.3
Large group of elms
- The trade: Great Elm Group, Inc. AGAINST 10% owner BC Advisors LLC bought a total of 21,493 shares at an average price of $2.00. The purchase of these shares cost around US$42.96,000.
- What’s happening: The Great Elm Group reported fourth quarter revenue of $18.10 million last month.
- What Great Elm Group does: Great Elm Group Inc acts as a holding company. The Company operates through two business segments, including Durable Medical Devices and Investment Management.
OPKO health
- The trade: OPKO Health, Inc. OPK 10% owner Frost Gamma Investments Trust acquired a total of 100,000 shares at an average price of $1.72. The insider spent around $172.07,000 to buy these shares.
- What’s happening: OPKO Health posted a Q2 loss of $0.14 per share in August.
- What OPKO Health does: OPKO Health Inc is a diversified biotechnology company engaged in pharmaceutical and diagnostic development programs.
United Airlines up by around 60%? Plus this analyst cuts PT on Alaska Air
Medalist diversified REIT
- The trade: Medalist Diversified REIT, Inc. MDRR 10% owned by Susan Finley acquired a total of 50,000 shares at an average price of $0.82. It cost around $41,000 to acquire these shares.
- What’s happening: Medalist Diversified REIT recently announced a cash dividend of $0.01 per share on its common stock and $0.50 per share on its Series A cumulative redeemable preferred stock.
- What Medalist Diversified REIT does: Medalist Diversified REIT Inc engages in…
