Insiders Buying Retractable Technologies And 3 Other Penny Stocks

The Dow Jones closed higher by over 80 points on Tuesday. 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.

180 Degree Capital

• The Trade: 180 Degree Capital Corp. (NASDAQ:TURN) Treasurer, Secretary Alicia M Gift acquired a total of 1,000 shares an average price of $3.80. To acquire these shares, it cost around $3,800.
• What’s Happening: 180 Degree Capital recently disclosed a Discount Management Program.
• What 180 Degree Capital Does: 180 Degree Capital Corp is active in the financial services domain. It is a non-diversified closed-end management investment company whose objective is to achieve long-term capital appreciation by making venture capital investments.

Retractable Technologies

• The Trade: Retractable Technologies, Inc. (NYSE:RVP) President and CEO Thomas J Shaw acquired a total of 2,800 shares at an average price of $1.12. To acquire these shares, it cost around $3,131.
• What’s Happening: Retractable Technologies reported that its loss from operations was $8.7 million for the first nine months of 2023.
• What Retractable Technologies Does: Retractable Technologies Inc designs, develops, manufactures, and markets safety syringes and other safety medical products for the healthcare profession.

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Ault Alliance

• The Trade: Ault Alliance, Inc. (NYSE:AULT) Executive Chairman Milton C. Ault III acquired a total of 350,144 shares at an average price of $0.09. The insider spent around $ $31,136 to buy those shares.
• What’s Happening: Ault Alliance said it is actively exploring options to address undervaluation of common stock.
• What Ault Alliance Does: Ault Alliance Inc is a diversified holding company. It operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles.

Real Good Food Company

• The Trade: The Real Good Food Company, Inc. (NASDAQ:RGF) Director Bryan T Freeman acquired a total of 10,000 shares at an average price of $1.91. The insider spent around $19,100 to buy those shares.
• What’s Happening: The Real Good Food Company announced definitive debt refinancing agreement to enhance liquidity by up to $15 million.
• What Real Good Food Company Does: The Real Good Food Company Inc is an innovative, high-growth, branded, health- and wellness-focused frozen food company.

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