Insiders Buying Rocky Mountain Chocolate Factory And 3 Other Penny Stocks

Author: Lisa Levin | November 10, 2023 08:01am

The Dow Jones closed lower by over 200 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.

Rocky Mountain Chocolate Factory

• The Trade: Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Director Brett Seabert acquired a total of 1,000 shares an average price of $4.00. To acquire these shares, it cost around $4,002.
• What’s Happening: Rocky Mountain Chocolate posted a second-quarter loss of 16 cents per share.
• What Rocky Mountain Chocolate Factory Does: Rocky Mountain Chocolate Factory Inc operates as a manufacturer of chocolate candies and confectionery products.

Entravision Communications

• The Trade: Entravision Communications Corporation (NYSE:EVC) CEO Michael J Christenson acquired a total of 100,000 shares at an average price of $3.85. To acquire these shares, it cost around $385,000.
• What’s Happening: The company posted downbeat quarterly earnings.
• What Entravision Communications Does: Entravision Communications Corp is a global media company. Its operations encompass integrated marketing and media solutions, comprised of television, radio, and digital properties and data analytics services.

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Tellurian

• The Trade: Tellurian Inc. (NASDAQ:TELL) Director Jonathan S Gross acquired a total of 100,000 shares at an average price of $0.61. The insider spent around $61,000 to buy those shares.
• What’s Happening: Tellurian posted weak sales for the third quarter.
• What Tellurian Does: Tellurian Inc is a U.S-based independent oil and gas exploration and production company.

Advantage Solutions

• The Trade: Advantage Solutions Inc. (NASDAQ:ADV) CEO David Peacock acquired a total of 30,000 shares at an average price of $2.08. The insider spent around 62,400 to buy those shares.
• What’s Happening: Advantage Solutions posted a loss for the third quarter.
• What Advantage Solutions Does: Advantage Solutions Inc is the provider of outsourced sales and marketing solutions to consumer goods companies and retailers.

 

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Posted In: ADV EVC RMCF TELL