Brightcove And 2 Other Penny Stocks Insiders Are Buying

Author: Lisa Levin | October 31, 2023 09:15am

The Dow Jones closed higher by over 500 points on Monday. 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 3,000 shares an average price of $2.85. To acquire these shares, it cost around $8,550.
• What’s Happening: Brightcove is expected to report its third quarter fiscal year 2023 results on Nov. 1, 2023.
• 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.

Martin Midstream Partners

• The Trade: Martin Midstream Partners L.P. (NASDAQ:MMLP) Director Ruben S Martin acquired a total of 69,300 shares at an average price of $2.45. To acquire these shares, it cost around $169,790.
• What’s Happening: Martin Midstream Partners posted a narrower loss for the third quarter.
• What Martin Midstream Partners Does: Martin Midstream Partners LP has a diverse set of operations focused in the United States Gulf Coast region.

Check This Out: Fear Among US Investors Is Growing; Fear & Greed Index Moves To 'Extreme Fear' Zone

Comstock

• The Trade: Comstock Inc. (NYSE:LODE) Chief Operating Officer William Joseph McCarthy acquired a total of 27,000 shares at an average price of $0.41. The insider spent around $10,951 to buy those shares.
• What’s Happening: Comstock posted better-than-expected third-quarter earnings.
• What Comstock Does: Comstock Inc is engaged in technologies that efficiently use wasted and under-utilized natural resources to produce renewable energy and other products that contribute to balancing uses and emissions of carbon and enhance mineral and material discoveries.

 

Don’t forget to check out our premarket coverage here

Posted In: BCOV LODE MMLP