In 2024, there are 13 penny stocks that have seen insider buying, according to Yahoo Finance. Insider buying is when company executives or major shareholders purchase shares of their own company, which can be seen as a positive sign for the stock’s future performance.
Insider buying is often seen as a vote of confidence in the company’s prospects, as those who know the company best are putting their own money on the line. This can be a good indicator for investors looking for potential opportunities in the market.
Penny stocks are generally considered to be risky investments due to their low price and volatility. However, with insider buying, there may be some added confidence in the potential growth of these stocks.
While insider buying is not a guarantee of success, it can be a helpful piece of information for investors to consider when making decisions about their portfolio. Keep an eye on these 13 penny stocks with insider buying in 2024 for potential opportunities in the market.