3 Penny Stocks Insiders Are Buying

Author: Lisa Levin | January 13, 2022 08:42am

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.

Performant Financial

• The Trade: Performant Financial Corporation (NASDAQ:PFMT) 10% owner Phil Frohlich acquired a total of 40899 shares at an average price of $2.06. To acquire these shares, it cost $84,251.94.
• What’s Happening: Performant Financial recently announced a $35 million debt refinancing.
• What Performant Financial Does: Performant Financial Corp provides technology-enabled recovery and related analytics services in the United States.

ServiceSource International

• The Trade: ServiceSource International, Inc. (NASDAQ:SREV) 10% owner Jonathan Brolin acquired a total of 35332 shares at an average price of $1.04. The insider spent $36,691.34 to buy those shares.
• What’s Happening: The company’s stock gained around 4% over the past month.
• What ServiceSource International Does: ServiceSource International Inc is a provider of customer and revenue lifecycle management solutions.

Anixa Biosciences

• The Trade: Anixa Biosciences, Inc. (NASDAQ:ANIX) Director Lewis H. Titterton Jr. acquired a total of 2000 shares at an average price of $3.20. To acquire these shares, it cost $6,400.00.
• What’s Happening: Anixa Biosciences, last month, announced the results of a genomic variant analysis conducted with its partner, MolGenie GmbH, on potential compounds to treat COVID-19.
• What Anixa Biosciences Does: Anixa Biosciences Inc, a cancer-focused biotechnology company, is engaged in harnessing the body's immune system in the fight against cancer.

Posted In: ANIX PFMT SREV