Marchex And 4 Other Stocks Under $2 Insiders Are Buying

Author: Avi Kapoor | June 06, 2024 07:26am

The Dow Jones index closed higher by 0.25% 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.

PodcastOne

• The Trade: PodcastOne, Inc. (NASDAQ:PODC) Director D Jonathan Merriman bought a total of 48,839 shares at an average price of $1.93. To acquire these shares, it cost around $93,641.
• What's Happening: On May 30, PodcastOne raised its FY25 revenue guidance.
• What PodcastOne Does: PodcastOne Inc formerly CourtSide Group Inc is a podcast platform and publisher that makes its content available to audiences via all podcasting distribution platforms, including its website, its PodcastOne app, Apple Podcasts, Spotify, Amazon Music, and more.

BARK

• The Trade: BARK, Inc. (NYSE:BARK) Executive Chairman Matt Meeker acquired a total of 38,461 shares at an average price of $1.39. To acquire these shares, it cost around $53,530.
• What's Happening: On June 3, BARK reported worse-than-expected fourth-quarter financial results and issued FY25 revenue guidance below estimates.
• What BARK Does: BARK Inc is a dog-centric company, devoted to making dogs happy with the products, services, and content.

Check This Out: Top 4 Consumer Stocks That May Implode In Q2

Fathom Holdings

• The Trade: Fathom Holdings Inc. (NASDAQ:FTHM) Director Scott N Flanders acquired a total of 12,648 shares at an average price of $1.74. The insider spent around $22,049 to buy those shares.
• What's Happening: On May 28, Fathom Holdings named Jon Gwin as its new COO.
• What Fathom Holdings Does: Fathom Holdings Inc is a national, technology-driven, real estate services platform integrating residential brokerage, mortgage, title, insurance, and Software as a Service offering to brokerages and agents by leveraging proprietary cloud-based software, intelliAgent.

Sypris Solutions

• The Trade: Sypris Solutions, Inc. (NASDAQ:SYPR) Director Gary L Convis acquired a total of 1,274 shares at an average price of $1.58. The insider spent around $2,013 to buy those shares.
• What's Happening: On June 3, Sypris named Michael D. Sedgwick as Vice President and General Manager of Sypris Electronics, LLC.
• What Sypris Solutions Does: Sypris Solutions Inc is a USA-based company engaged in providing truck components, oil and gas pipeline components, and aerospace and defense electronics.

Marchex

• The Trade: Marchex, Inc. (NASDAQ:MCHX) CEO Edwin A Miller acquired a total of 200,000 shares at an average price of $1.36. The insider spent $272,000 to buy those shares.
• What's Happening: On May 7, Marchex posted downbeat quarterly sales.
• What Marchex Does: Marchex Inc is a conversational analytics and solutions company that helps businesses connect, drive, measure, convert callers into customers, and connect the voice of the customer to their business.

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Posted In: BARK FTHM MCHX PODC SYPR