Riverview Bancorp And 2 Other Stocks Under $5 Insiders Are Buying

Author: Avi Kapoor | May 03, 2024 08:15am

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.

Power Solutions International

• The Trade: Power Solutions International, Inc. (OTC:PSIX) 10% owner Neil Gagnon bought a total of 77,618 shares at an average price of $2.00. To acquire these shares, it cost around $155,236.
• What's Happening: On March 28, Power Solutions International announced extension to credit agreement.
• What Power Solutions International Does: Power Solutions International Inc is an America-based company that manufactures, distributes, and services power systems that primarily run on nondiesel fuels, including natural gas, propane, and gasoline.

Riverview Bancorp

• The Trade: Riverview Bancorp, Inc. (NASDAQ:RVSB) EVP/CCO Robert Benke acquired a total of 5,000 shares at an average price of $3.83. To acquire these shares, it cost around $19,150. The company's other Directors also purchased shares of the company.
• What's Happening: On April 25, Riverview Bancorp posted a loss for fourth quarter.
• What Riverview Bancorp Does: Riverview Bancorp Inc is an American savings and loan holding company.

RENN Fund

• The Trade: RENN Fund, Inc. (NYSE:RCG) President and CEO Murray Stahl acquired a total of 59 shares at an average price of $1.69. The insider spent around $100 to buy those shares.
• What's Happening: RENN Fund shares rose around 2% over the past month.
• What RENN Fund Does: RENN Fund Inc is active in the financial services domain. It is a closed-end management investment company formed to provide return through capital appreciation and income by a long-term, value-oriented investment process that invests in a wide variety of financial instruments, including but not limited to, common stocks, fixed-income securities including convertible and non-convertible debt securities or loans, distressed debt, warrants, and preferred stock, exchange-traded funds and exchange-traded notes, and other instruments.

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Posted In: PSIX RCG RVSB