The Dow Jones jumped by more than 300 points on Tuesday. Investors, meanwhile, focused on some 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.3
Martin Midstream Partners
- The Trade: Martin Midstream Partners L.P. (NASDAQ:MMLP) Director Ruben S Martin bought a total of 134,305.9043 shares at an average price of $3.08. To acquire these shares, it cost around $413.44 thousand.
- What’s Happening: Martin Midstream recently reported a wider Q3 loss.
- What Martin Midstream Partners Does: Martin Midstream Partners LP has a diverse set of operations focused in the United States Gulf Coast region.
Liberty TripAdvisor
- The Trade: Liberty TripAdvisor Holdings, Inc. (NASDAQ:LTRPA) Dustin Henderson acquired a total of 25,000 shares at an average price of $0.90. The insider spent around $22.5 thousand to buy those shares.
- What’s Happening: The company’s stock dropped 16% over the past month.
- What Liberty TripAdvisor Does: Liberty TripAdvisor Holdings Inc provides online travel site services and online retail through its subsidiaries TripAdvisor.
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Emerald Holding
- The Trade: Emerald Holding, Inc. (NYSE:EEX) Chief Operating Officer Brian Field acquired a total of 2,900 shares at an average price of $3.67. To acquire these shares, it cost around $10.64 thousand.
- What’s Happening: The company recently posted a profit for the third quarter.
- What Emerald Holding Does: Emerald Holding Inc is an operator of B2B trade shows in the United States by NSF.
Great Elm Group
- The Trade: Great Elm Group, Inc. (NASDAQ:GEG) 10% owner Long Ball Partners LLC acquired a total of 167,955 shares at an average price of $2.00. The insider spent $335.9 thousand to buy those shares.
- What’s Happening: The company, during September, reported a rise in quarterly sales.
- What Great Elm Group Does: Great Elm Group Inc operates as a holding company. The company operates in two business lines including durable medical equipment and investment management.
