The Dow Jones Industrial Average surged over 550 points on Thursday, signaling strong market sentiment. Insider transactions, specifically purchases of shares, often indicate confidence in a company’s future performance. For investors interested in penny stocks, monitoring insider activity can be a valuable tool for assessing investment potential.
Here’s a look at recent notable insider transactions for penny stocks:
One Stop Systems
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The Trade:
Director Joseph M. Manko Jr. bought 75,000 shares at an average price of $1.96, spending approximately $146,750.*
What’s Happening:
One Stop Systems reported second-quarter adjusted earnings per share (EPS) that fell short of analysts’ expectations on August 8th.*
What One Stop Systems Does:
One Stop Systems designs and manufactures specialized rugged high-performance computing systems, high-speed network switches, and storage solutions. These products are geared towards edge applications in artificial intelligence, machine learning, sensor processing, and autonomous systems.System1
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The Trade:
Cee Holdings Trust, a 10% owner, acquired 19,491 shares at an average price of $1.08, spending around $20,982.*
What’s Happening:
System1 announced positive quarterly earnings on August 8th.*
What System1 Does:
System1 develops technology and data science to power a responsive acquisition marketing platform, helping businesses reach and acquire new customers.FlexShopper
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The Trade:
Director Howard Dvorkin acquired 31,369 shares at an average price of $1.06, spending approximately $33,343.*
What’s Happening:
FlexShopper reported a narrower-than-expected quarterly loss on August 6th.*
What FlexShopper Does:
FlexShopper operates as a financial technology company offering a lease-to-own model for durable goods. They provide consumers with lease-to-own options for various products from third-party retailers and online stores.By analyzing these insider purchases, investors can gain valuable insight into the confidence that executives have in their respective companies’ prospects. This information, combined with financial performance and industry trends, can contribute to more informed investment decisions.
