The Dow Jones index closed higher by more than 300 points on Thursday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform.
Insider Transactions Unveiled
- Amtech Systems
- Bespoke Extracts
- Blend Labs
Amtech Systems: Powering Up
- The Trade: Amtech Systems, Inc. (ASYS) Chairman and CEO Robert C Daigle acquired a total of 3,500 shares at an average price of $4.21, amounting to around $14,735.
- What’s Happening: Amtech Systems reported upbeat results for its first quarter.
- What Amtech Systems Does: Amtech Systems Inc is a manufacturer of capital equipment, including thermal processing and wafer polishing, and related consumables used in fabricating semiconductor devices, such as silicon carbide (SiC) and silicon power chips, electronic assemblies, and light-emitting diodes (LEDs).
Bespoke Extracts: A Mixed Bag
- The Trade: Bespoke Extracts, Inc. (BSPK) CEO Michael Feinsod acquired a total of 96,500 shares at an average price of $0.07, totaling around $5,710.
- What’s Happening: The company’s stock lost around 40% over the past six months.
- What Bespoke Extracts Does: Bespoke Extracts Inc is focused on selling its proprietary line of specially-formulated, premium quality, hemp-derived CBD products.
Blend Labs: Riding the Wave
- The Trade: Blend Labs, Inc. (BLND) Head of Finance and Admin. Amir Jafari acquired a total of 6,051 shares at an average price of $2.61, spending around $15,777.
- What’s Happening: Wells Fargo, during December, upgraded the stock from Equal-Weight to Overweight and raised its price target from $1.5 to $3.5.
- What Blend Labs Does: Blend Labs Inc is a cloud-based platform software platform that powers the digital interface between financial services firms and consumers.
