Intrusion And This Other Penny Stock Insiders Are Buying

Author: Avi Kapoor | January 25, 2024 06:28am

The Dow Jones index closed lower by around 100 points on Wednesday. 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.

Intrusion

• The Trade: Intrusion Inc. (NASDAQ:INTZ) CEO Anthony Scott acquired a total of 1,500 shares an average price of $0.22. To acquire these shares, it cost around $330.
• What’s Happening: Intrusion, during November, posted weaker-than-expected quarterly results.
• What Intrusion Does: Intrusion Inc is a cybersecurity company based in Plano, Texas. It is engaged in developing, marketing and supporting a group of entity identification, high-speed data mining, cybercrime and persistent threat detection products.

RENN Fund

• The Trade: RENN Fund, Inc. (NYSE:RCG) CEO and President Murray Stahl acquired a total of 57 shares at at an average price of $1.68. To acquire these shares, it cost around $95.76.
• What’s Happening: RENN Fund fell around 8% over the past six months.
• What RENN Fund Does: RENN Fund Inc is active in the financial services domain. It is a closed-end management investment company formed with the objective of providing long-term capital appreciation by investing substantially in privately placed convertible and equity securities of emerging growth companies traded on the United States securities exchanges.

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Posted In: INTZ RCG