The Dow Jones index saw a rise of over 100 points on Tuesday, reflecting positive market sentiment. Insider transactions in penny stocks can give insight into the confidence or concern around a company’s future prospects. Here are a few recent notable insider transactions in penny stocks:
– Fathom Holdings Inc.: Director David C. Hood purchased 15,000 shares at an average price of $1.51, totaling around $22,646. Despite posting downbeat quarterly results on May 9, Fathom Holdings is a national real estate services platform offering various services to brokerages and agents.
– EVgo, Inc.: CEO and Director Badar Khan bought 125,000 shares at an average price of $2.01, costing approximately $250,750. Following better-than-expected first-quarter earnings on May 7, EVgo operates a public fast-charging network in the US.
– Socket Mobile, Inc.: Director Charlie Bass acquired 10,000 shares at an average price of $1.33, spending around $13,349. With better-than-expected quarterly sales reported on May 1, Socket Mobile is a producer of data capture products.
Investors and traders interested in penny stocks can consider these insider transactions as part of their investment or trading decision-making process. Investor optimism has been on the rise ahead of the CPI report, with the Nasdaq settling at a record high.