The Dow Jones closed higher by over 200 points on Friday. 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.

New Peoples Bankshares

  • The Trade: New Peoples Bankshares, Inc. (OTC: NWPP) Director John D Cox acquired a total of 40,000 shares an average price of $2.50. To acquire these shares, it cost around $100,000.
  • What’s Happening: The company’s shares fell around 13% over the past month.
  • What New Peoples Bankshares Does: New Peoples Bankshares Inc is a bank holding company for New Peoples Bank.

Socket Mobile

  • The Trade: ...

Full story available on Benzinga.com