Sportsman's Warehouse And 3 Other Penny Stocks Insiders Are Buying

Author: Lisa Levin | September 29, 2023 09:08am

The Dow Jones closed higher by more than 100 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.

Brightcove

• The Trade: Brightcove Inc. (NASDAQ:BCOV) 10% owner Jonathan Brolin acquired a total of 2,764 shares an average price of $3.27. To acquire these shares, it cost around $9,035.
• What’s Happening: Brightcove posted better-than-expected quarterly results.
• What Brightcove Does: Brightcove Inc is a provider of cloud-based services for the video ecosystem. The firm targets its solutions at media companies, broadcasters, publishers, and corporations.

NEXGEL

• The Trade: NEXGEL, Inc. (NASDAQ:NXGL) Director John Nachum Stein acquired a total of 2,500 shares at an average price of $1.96. To acquire these shares, it cost around $4,900.
• What’s Happening: NexGel posted a narrower loss for the second quarter.
• What NEXGEL Does: NexGel Inc manufactures high water content, electron beam cross-linked, aqueous polymer hydrogels, or gels, used for wound care, medical diagnostics, transdermal drug delivery, and cosmetics.

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Sportsman's Warehouse

• The Trade: Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Director Steven Sansom acquired a total of 50,000 shares at an average price of $3.80. The insider spent $190,000 to buy those shares.
• What’s Happening: Sportsman's Warehouse reported worse-than-expected second-quarter earnings.
• What Sportsman's Warehouse Does: Sportsman's Warehouse Holdings Inc together with its subsidiaries operates as an outdoor sporting goods retailer.

RF Industries

• The Trade: RF Industries, Ltd. (NASDAQ:RFIL) Director Mark Holdsworth acquired a total of 70,765 shares at an average price of $2.67. The insider spent around $189,250.
• What’s Happening: RF Industries posted downbeat quarterly results.
• What RF Industries Does: RF Industries Ltd is engaged in the design, manufacture, and marketing of interconnect products and systems, including coaxial and specialty cables, fiber optic cables and connectors, and electrical and electronic specialty cables.

 

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Posted In: BCOV NXGL RFIL SPWH