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Insiders Buying Penny Stocks Insiders Buy Penny Stocks on the Cheap – A Sign of Uptrend?

The Dow Jones index closed higher by over 100 points on Monday, sparking optimism on Wall Street. However, even pennies can make the purse jingle, as recent insider transactions for Allied Gaming & Entertainment, Vivani Medical, and Catheter Precision show. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects, allowing investors and traders interested in penny stocks to consider this a factor in their overall investment or trading decision.

For more, check out Benzinga’s insider transactions platform for a deeper dive into insider trading.

Allied Gaming & Entertainment

  • The Trade: Allied Gaming & Entertainment Inc. AGAE 10% owner Roy Choi acquired a total of 182,745 shares at an average price of $1.08, amounting to around $197,412.
  • What’s Happening: Allied Gaming & Entertainment recently revealed a strategic investment from Elite Fun Entertainment.
  • What Allied Gaming & Entertainment Does: With a vision for providing gamers with top-notch experiences, Allied Gaming & Entertainment Inc is an experiential entertainment company.

Vivani Medical

  • The Trade: Vivani Medical, Inc. VANI Director Gregg Williams acquired a total of 7,620 shares at an average price of $1.01, totaling around $7,696.
  • What’s Happening: Vivani Medical, during November, posted a wider-than-expected quarterly loss.
  • What Vivani Medical Does: Vivani Medical Inc is a preclinical stage biopharmaceutical company aiming for groundbreaking medical breakthroughs.

Check out: Fear & Greed Index Remains In ‘Greed’ Zone; Dow Settles Above 38,000

Catheter Precision

  • The Trade: Catheter Precision, Inc. VTAK Director, Executive Chairman and CEO David A Jenkins acquired a total of 16,940 shares at an average price of $0.42, amounting to around $7,086.
  • What’s Happening: Catheter Precision secured a new distributor in Brazil for LockeT, expanding its reach and potential market impact.
  • What Catheter Precision Does: Catheter Precision Inc, formerly Ra Medical Systems Inc, is a commercial-stage medical device company focused on innovations in cardiac electrophysiology, or EP.
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