3 Penny Stocks Insiders Are Buying

Benzinga2021-09-22

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 outBenzinga's insider transactionsplatform.

United Insurance

The TradeUnited Insurance Holdings Corp Chief Underwriting Officer Brooke Shiraziacquired a total of 69554 sharesat an average price of $3.17. To acquire these shares, it cost $220,486.18.

What’s Happening: The company’s shares dropped 17% over the previous month.

What United Insurance Does: United Insurance Holdings is a holding company primarily engaged in the residential and commercial property and casualty insurance business in the United States.

Coffee Holding

The TradeCoffee Holding Co CEO and President Andrew Gordonacquired a total of 5000 sharesshares at an average price of $4.30. The insider spent $21,500.00 to buy those shares.

What’s Happening: Coffee Holding recently reported a third-quarter FY21 sales decline of 21.3% year-on-year, to $13.6 million.

What Coffee Holding Does: Coffee Holding is engaged in the business of wholesale coffee roasting and dealing. Its products include wholesale green coffee, private label coffee, and branded coffee.

Sharing Services Global

The TradeSharing Services Global Corp. owner Document Security Systems Incacquired a total of 25600 sharesat an average price of $0.09. To acquire these shares, it cost $2,329.00.

What’s Happening: The company’s stock has tumbled over 63% since the start of the year.

What Sharing Services Global Does: Sharing Services Global is a diversified holding company specializing in the direct selling industry.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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