CommScope Holding And 3 Other Penny Stocks Insiders Are Buying

Author: Lisa Levin | November 17, 2023 10:19am

The Dow Jones closed lower by over 45 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.

Collective Audience

• The Trade: Collective Audience, Inc. (NASDAQ:CAUD) CEO Brent Suen acquired a total of 190,000 shares an average price of $2.03. To acquire these shares, it cost around $385,900.
• What’s Happening: Collective Audience, Inc. began trading on the Nasdaq under the symbol CAUD on Nov. 3 following the completion of the business combination involving DLQ, Inc. and Abri SPAC I, Inc., a special purpose acquisition company.
• What Collective Audience Does: Collective Audience Inc is a provider of e-commerce and digital customer acquisition solutions by simplifying digital advertising.

Great Elm Group

• The Trade: Great Elm Group, Inc. (NASDAQ:GEG) Director James Hugar acquired a total of 5,042 shares at an average price of $1.98. To acquire these shares, it cost around $9,975.
• What’s Happening: Great Elm Group posted downbeat quarterly earnings.
• What Great Elm Group Does: Great Elm Group Inc operates as a holding company. It focuses on growing a scalable and diversified portfolio of long-duration, permanent capital vehicles across corporate credit, specialty finance, real estate, and other asset classes.

Check This Out: How To Earn $500 A Month From Target Stock Following Earnings Beat

loanDepot

• The Trade: loanDepot, Inc. (NYSE:LDI) CEO and President Frank Martell acquired a total of 50,207 shares at an average price of $1.68. The insider spent around $84,423 to buy those shares.
• What’s Happening: loanDepot posted a wider-than-expected third-quarter loss.
• What loanDepot Does: loanDepot Inc provides nonbank consumer lending solutions for individuals in the United States.

CommScope Holding

• The Trade: CommScope Holding Company, Inc. (NASDAQ:COMM) CEO and President Charles Treadway acquired a total of 153,019 shares at an average price of $1.63. The insider spent around $249,926 to buy those shares.
• What’s Happening: Raymond James upgraded CommScope from Underperform to Market Perform.
• What CommScope Holding Does: CommScope Holding Co Inc is a provider of infrastructure solutions for communication, data center and entertainment networks.

 

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Posted In: CAUD COMM GEG LDI