The Dow Jones index closed higher by over 400 points on Wednesday, signaling confidence in the market. Insider transactions can provide insight into a company’s prospects for investors interested in penny stocks.
NextNav Inc.’s 10% owner, Joseph D Samberg, acquired 483,000 shares at an average price of $4.52, investing around $2.18 million. The company’s Director also bought 150,000 shares. NextNav provides GPS services, ensuring infrastructure resilience without GPS.
Eyenovia, Inc.’s 10% owner, Stuart M. Grant, purchased 50,000 shares at an average price of $1.23, totaling around $61,500. Eyenovia is a clinical stage ophthalmic company developing therapeutics based on its proprietary technology.
Ovid Therapeutics Inc.’s CEO, Jeremy M Levin, acquired 18,248 shares at an average price of $2.76, spending approximately $50,365. Ovid Therapeutics focuses on reducing seizures and improving the lives of those with rare epilepsies.
Investors can stay informed by checking out Benzinga’s insider transactions platform and premarket coverage for more insights.