The Dow Jones index closed higher by around 0.1% on Thursday. Insiders purchasing or selling shares can signal their confidence or concern in a company’s future. For investors and traders eyeing penny stocks, these transactions could influence their investment decisions.
Let’s delve into recent notable insider transactions within the penny stock realm.
Great Elm Group
- The Deal: Great Elm Group, Inc. GEG had Imperial Capital Group Holdings II, LLC, a 10% owner, purchasing 124,090 shares at an average price of $1.96, amounting to $238,539.
- Recent Event: On February 13, Great Elm Group reported a loss for the second quarter.
- Great Elm Group’s Focus: Great Elm Group Inc functions as a holding company, concentrating on expanding a varied portfolio of long-duration assets across corporate credit, specialty finance, real estate, and other sectors.
Earth Science Tech
- The Deal: Earth Science Tech, Inc. ETST saw CEO Giorgio R. Saumat acquiring 15,000 shares at an average price of $0.08, totaling $1,199.
- Recent Event: On January 29, Earth Science Tech unveiled a $5 million common stock buyback initiative.
- Earth Science Tech’s Focus: Earth Science Tech Inc serves as a diverse holding company, with a current emphasis on opportunities within the health and wellness realm.
Explore further: Dell, SoundHound AI And 3 Stocks To Watch Heading Into Friday
Emmaus Life Sciences
- The Deal: Emmaus Life Sciences, Inc. EMMA had Co-President and COO Willis C Lee purchasing 115,200 shares at an average price of $0.13, amounting to $14,694.
- Recent Event: On February 2, Emmaus Life Sciences secured marketing authorization for Puerto Rico.
- Emmaus Life Sciences’ Focus: Emmaus Life Sciences Inc functions as a biopharmaceutical company dedicated to discovering, developing, and commercializing new treatments primarily for rare and orphan diseases.
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