The US economy added 372,000 payrolls in June, following a revised 384,000 growth in May. 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
The Trade: Titan Pharmaceuticals, Inc. (NASDAQ: TTNP ) 10% owner Activist Investing LLC acquired a total of 2,226,190 shares at an average price of $0.86. To acquire these shares, it cost around $1.92 million.
What’s Happening: Titan Pharmaceuticals received decision to grant European patent titled 'Implantable Devices For Drug Delivery With Reduced ... Full story available on Benzinga.com