BigBear.ai And 3 Other Stocks Under $3 Insiders Are Buying

Author: Avi Kapoor | December 22, 2023 07:30am

The Dow Jones index closed higher by over 300 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.

Vivani Medical

• The Trade: Vivani Medical, Inc. (NASDAQ:VANI) Director Gregg Williams acquired a total of 153,872 shares an average price of $0.88. To acquire these shares, it cost around $135,403.
• What’s Happening: Vivani Medical, last month, posted a wider-than-expected quarterly loss.
• What Vivani Medical Does: Vivani Medical Inc is a preclinical stage biopharmaceutical company. It develops miniaturized, subdermal implants utilizing its proprietary NanoPortal technology to enable long-term, near constant-rate delivery of a broad range of medicines to treat chronic diseases.

Amesite

• The Trade: Amesite Inc. (NASDAQ:AMST) CEO Ann Marie Sastry acquired a total of 10,000 shares at an average price of $1.85. To acquire these shares, it cost around $18,500.
• What’s Happening: Amesite recently announced a five-year partnership with West Virginia Northern Community College.
• What Amesite Does: Amesite Inc is an artificial intelligence-driven platform and course designer that rapidly provides customized, high performance and scalable online products for schools and businesses.

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Vista Gold

• The Trade: Vista Gold Corp. (NYSE:VGZ) CFO Douglas L Tobler acquired a total of 3,500 shares at an average price of $0.45. The insider spent around $1,558 to buy those shares.
• What’s Happening: Vista Gold recently announced it will receive $20 million from Wheaton Precious Metals as part of a royalty agreement in relation to the company's Mt Todd gold project.
• What Vista Gold Does: Vista Gold Corp is a gold mining company. It is engaged in the evaluation, acquisition, exploration, and advancement of gold exploration and potential development projects.

BigBear.ai Holdings

• The Trade: BigBear.ai Holdings, Inc. (NYSE:BBAI) Director Pamela Braden acquired a total of 50,025 shares at an average price of $1.92. The insider spent around $96,048 to buy those shares.
• What’s Happening: BigBear.Ai recently announced an expanded partnership with Amazon.com Inc (NASDAQ:AMZN) Web Services to deliver AI-driven solutions.
• What BigBear.ai Holdings Does: BigBear.ai Holdings Inc is a technology-led solutions organization, that provides both software and services to its customers.

 

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Posted In: AMST AMZN BBAI VANI VGZ