Although the euro climbed to $1.15 against the US dollar, recording its highest level since November last year, there were a few notable insider trades.
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.
RENN Fund
- The Trade: RENN Fund, Inc. (NYSE:RCG) Chief Compliance Officer & Vice President Jay Kesslen acquired a total of 4,500 shares at an average price of $1.98. To acquire these shares, it cost $8.91 thousand.
- What’s Happening: RENN Fund reported results of rights offering.
- What RENN Fund Does: RENN Fund Inc is active in the financial services domain. It is a closed-end management investment company formed with the objective of providing long-term capital appreciation by investing substantially in privately placed convertible and equity securities of emerging growth companies traded on the United States securities exchanges.
PLAYSTUDIOS
- The Trade: PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Chairman and CEO Andrew Pascal acquired a total of 28,400 shares at an average price of $4.32. The insider spent $122.74 thousand to buy those shares.
- What’s Happening: The company is expected to release Q4 results on February 24, 2022.
- What PLAYSTUDIOS Does: PLAYSTUDIOS Inc is engaged in gaming and related business. Some of the games offered by the company include My Vegas Bingo, My Vegas Slots, POP Slots, and Kingdom Boss.
Also check this: Executives Buy More Than $28M Of 4 Stocks
Crexendo
- The Trade: Crexendo, Inc. (NASDAQ:CXDO) CEO Steven G Mihaylo acquired a total of 3,000 shares at an average price of $4.35. To acquire these shares, it cost $13.04 thousand.
- What’s Happening: Crexendo was recently awarded 2021 TMC Labs Innovation Award.
- What Crexendo Does: Crexendo Inc is a provider of cloud communications, UCaaS, call center, collaboration services, and other cloud business services.
