Insiders Decided To Buy Penny Stocks This Month [5 Stocks To Watch]
Penny stocks, blue-chips, small-caps, whatever your focus, sentiment is starting to play a leading role. It’s not just about the next round of Reddit stocks to watch. What began on the social media forum site has exploded across myriad outlets.
Now you can find popular topics coming up on TikTok, Facebook, Twitter, StockTwits, and other sites all about “The next AMC” or “this could be like GameStop.” But cutting through all of the hyped-up “ape” posts and haphazard “research” are small nuggets of information you can use to put together a sounds list of penny stocks to watch.
@pennystocks101 Insiders Are Buying These Penny Stocks In June! ##stocks ##fyp ##foryoupage ##insidertrading
♬ Touch Down 2 Cause Hell - Hd4president
The downside of social media “research” is obvious. Not all people are there to spread valuable information. Many are touting things for their own personal interests. But with such a wide birth of people looking for penny stocks to buy, there are other pieces of useful information that can send you down a rabbit hole of due diligence. For example, one of the more popular topics among retail traders, besides the next round of “short squeeze stocks,” focuses on insiders. I’m not talking about the scandalous Martha Stewart type of insider trading. I’m talking about full transparency from insiders who report their purchases with the SEC.
What Filings Show Insider Trading In Penny Stocks?
As far as insider activity goes, most will look for Form 4 filings. These show insiders and their different transactions. The information you’ll see is the date of the transaction(s), the number of shares purchased/sold/issued, the average price per share paid, and any footnotes accompanying the transaction.
Penny Stocks To Buy [based on insider activity]
Just like analyst ratings, just because insiders are bullish, that doesn’t mean certain penny stocks are guaranteed to go up. Furthermore, some insiders subscribe to predetermined schedules of buying and selling. You’ve also got stock awards for things like employment anniversaries and stock options from contracted work for the company. This is where the footnotes come into play. Keep this in mind when you’re looking for penny stocks with insider buying. Now that we’ve got the basics covered, let’s take a look at some companies with bullish insiders in June.
- Precipio Inc. (NASDAQ: PRPO)
- Entasis Therapeutics Holdings Inc. (NASDAQ: ETTX)
- Evofem Biosciences Inc. (NASDAQ: EVFM)
- Ault Global Holdings Inc. (NYSE: DPW)
- OpGen Inc. (NASDAQ: OPGN)
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