Phio Pharmaceuticals And 2 Other Stocks Under $2 Insiders Are Buying

6/12/24 7:07:08 AM ET

Diversified Commercial Services

Consumer Discretionary

Biotechnology: Pharmaceutical Preparations

Health Care

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The Dow Jones index closed lower by more than 100 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.

CarParts.com

The Trade: CarParts.com, Inc. (NASDAQ:PRTS) Director Jim Barnes bought a total of 94,000 shares at an average price of $1.10. To acquire these shares, it cost around $103,400.
What's Happening: On May 7, CarParts.com posted downbeat quarterly results.
What CarParts.com Does: CarParts.com Inc is an online provider of automotive aftermarket parts and repair information.

Phio Pharmaceuticals

The Trade: Phio Pharmaceuticals Corp. (NASDAQ:PHIO) President and CEO Robert J Bitterman acquired a total of 1,000 shares at an average price of $0.74. To acquire these shares, it cost around $740.
What's Happening: On May 17, Phio Pharmaceuticals files for mixed shelf of upto $100 million.
What Phio Pharmaceuticals Does: Phio Pharmaceuticals Corp is a clinical-stage biotechnology company whose proprietary INTASYL self-delivering RNAi technology platform is designed to make immune cells more effective in killing tumor cells.

FlexShopper

The Trade: FlexShopper, Inc. (NASDAQ:FPAY) Director Howard Dvorkin acquired a total of 90,921 shares at an average price of $1.13. The insider spent around $102,446 to buy those shares.
What's Happening: On May 13, FlexShopper posted upbeat quarterly sales.
What FlexShopper Does: FlexShopper Inc is a financial technology company engaged in providing certain types of durable goods to consumers on a lease-to-own basis and providing lease-to-own (LTO) terms to consumers of third-party retailers and e-tailers.

Check This Out: Top 4 Health Care Stocks That May Keep You Up At Night This Month

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Recent Analyst Ratings for
$FPAY
$PHIO
$PRTS

Company	Date	Price Target	Rating	Analyst
CarParts.com Inc. $PRTS	3/4/2022	$18.00	Buy	Lake Street
CarParts.com Inc. $PRTS	12/28/2021	$30.00 → $18.00	Buy	Roth Capital
CarParts.com Inc. $PRTS	8/6/2021	$18.00 → $21.00	Outperform	RBC Capital

More analyst ratings

$FPAY
$PHIO
$PRTS
Press Releases

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Phio Pharmaceuticals to Participate in the Renmark Financial Communications Virtual Non-Deal Roadshow Series
Registration Link for Presentation and live Q&A to take place, Thursday, November 7 at 12:00 pm ESTMarlborough Massachusetts--(Newsfile Corp. - November 1, 2024) - Phio Pharmaceuticals Corp. (NASDAQ:PHIO) is a clinical-stage biotechnology company creating new pathways towards a cancer-free future by using its INTASYL® siRNA gene silencing technology designed to make the body's immune cells more effective in killing cancer cells announced today that management will present in the live Virtual Non-Deal Roadshow Series hosted by Renmark Financial Communications Inc. Mr. Robert Bitterman, CEO and Chairman of the Board, Phio Pharmaceuticals will present on Thursday, November 7 at 12:00 pm EST.
11/1/24 7:45:00 AM ET
$PHIO
Biotechnology: Pharmaceutical Preparations
Health Care
FlexShopper and PayPossible Expand Consumer Payment Options Through Strategic Partnership
FlexShopper to offer lease-to-own solutions within PayPossible's waterfall to new merchants, including RANDYS Worldwide, with a retail network of over 20,000 locations PayPossible to introduce new payment options on FlexShopper.com BOCA RATON, Fla., Oct. 31, 2024 (GLOBE NEWSWIRE) -- FlexShopper Inc. (NASDAQ:FPAY), a leading national lease-to-own (LTO) retailer and payment solutions provider, has announced a strategic partnership with PayPossible, a top financing waterfall platform. This partnership will integrate FlexShopper's LTO services into PayPossible's platform, expanding consumer financing options for a wide range of retail merchants. As part of this collaboration, Fl
10/31/24 8:00:14 AM ET
$FPAY
Diversified Commercial Services
Consumer Discretionary
CarParts.com Reports Third Quarter 2024 Results
TORRANCE, Calif., Oct. 29, 2024 /PRNewswire/ -- CarParts.com, Inc. (NASDAQ:PRTS), a leading eCommerce provider of automotive parts and accessories, and a premier destination for vehicle repair and maintenance needs, is reporting results for the third quarter ended September 28, 2024. Third Quarter 2024 Summary vs. Year-Ago Quarter Net sales decreased to $144.8 million, down 13% from the year-ago quarter.Gross profit of $51.0 million vs. $54.8 million.Gross margin of 35.2%, up from 32.9% from the year-ago quarter.Net loss was ($10.0) million, or ($0.17) per share, compared to
10/29/24 4:01:00 PM ET
$PRTS
Auto & Home Supply Stores
Consumer Discretionary

$FPAY
$PHIO
$PRTS
Leadership Updates

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Phio Pharmaceuticals Reports Second Quarter 2024 Financial Results and Provides Business Update
Marlborough, Massachusetts--(Newsfile Corp. - August 14, 2024) - Phio Pharmaceuticals Corp. (NASDAQ:PHIO), a clinical stage biotechnology company whose proprietary INTASYL™ siRNA gene silencing technology is designed to make immune cells more effective in killing tumor cells, today reported its financial results for the quarter ended June 30, 2024 and provided a business update.Recent Corporate UpdatesThe Phase 1b clinical trial for our lead product candidate, PH-762, received a positive safety recommendation from the Safety Monitoring Committee (SMC). There were no dose-limiting toxicities, or clinically relevant treatment-emergent adverse events in the initial cohort receiving intratumora
8/14/24 5:00:00 PM ET
$PHIO
Biotechnology: Pharmaceutical Preparations
Health Care
Phio Pharmaceuticals Announces New Chief Financial Officer
Marlborough, Massachusetts--(Newsfile Corp. - August 1, 2024) - Phio Pharmaceuticals Corp. (NASDAQ:PHIO), a clinical stage biotechnology company whose proprietary INTASYL™ siRNA gene silencing technology is designed to make immune cells more effective in killing tumor cells, today announced the appointment of Robert M. Infarinato to the position of vice president and chief financial officer effective August 1, 2024. He will serve in the capacity of Principal Financial Officer including responsibility for accounting, finance, treasury, investor relations and administration. Mr. Infarinato comes to Phio with more than 20 years of financial and accounting leadership experience. He most recen
8/1/24 8:00:00 AM ET
$PHIO
Biotechnology: Pharmaceutical Preparations
Health Care
CarParts.com Announces Appointment of CMO to Support Growth Plans
TORRANCE, Calif., July 18, 2024 /PRNewswire/ -- CarParts.com, Inc. (NASDAQ:PRTS), a technology-driven eCommerce company offering over 1 million high-quality automotive parts and accessories, today announced the appointment of strategic marketing leader Christina Thelin as Chief Marketing Officer (CMO). She will serve as a member of CarParts.com's leadership team, reporting directly to CEO David Meniane. Thelin will oversee product and brand marketing, performance marketing, loyalty marketing, creative, and consumer insights. "As we continue to focus on growth, it is imperative
7/18/24 7:03:00 AM ET
$PRTS
Auto & Home Supply Stores
Consumer Discretionary

CarParts.com Reports Third Quarter 2024 Results
TORRANCE, Calif., Oct. 29, 2024 /PRNewswire/ -- CarParts.com, Inc. (NASDAQ:PRTS), a leading eCommerce provider of automotive parts and accessories, and a premier destination for vehicle repair and maintenance needs, is reporting results for the third quarter ended September 28, 2024. Third Quarter 2024 Summary vs. Year-Ago Quarter Net sales decreased to $144.8 million, down 13% from the year-ago quarter.Gross profit of $51.0 million vs. $54.8 million.Gross margin of 35.2%, up from 32.9% from the year-ago quarter.Net loss was ($10.0) million, or ($0.17) per share, compared to
10/29/24 4:01:00 PM ET
$PRTS
Auto & Home Supply Stores
Consumer Discretionary
FlexShopper Announces a Purchase Option for 91% of its Outstanding Series 2 Preferred Stock at a 50+% Discount to Liquidation Preference
BOCA RATON, Fla., Oct. 28, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (NASDAQ:FPAY), ("the Company"), a leading online lease-to-own retailer and payment solutions provider, today announced that it has entered into a purchase option agreement with the majority holder of the Company's Series 2 Preferred Stock (the "Preferred Stock"), in which FlexShopper has the option to redeem 91% of FlexShopper's Preferred Stock at a 50+% discount to the second quarter of 2024 liquidation preference of approximately $43 million. The discount is based upon the date of repayment and the option to purchase lasts for a one-year period. In addition, further payments to the seller of the Preferred Stock may be
10/28/24 8:00:56 AM ET
$FPAY
Diversified Commercial Services
Consumer Discretionary
CarParts.com Sets Third Quarter 2024 Conference Call for Tuesday, October 29, 2024
TORRANCE, Calif., Oct. 8, 2024 /PRNewswire/ -- CarParts.com, Inc. (NASDAQ:PRTS) will hold a conference call on Tuesday, October 29, 2024 at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its financial results for the third quarter ended September 28, 2024. The results will be reported in a press release prior to the call. CarParts.com, Inc. CEO David Meniane, CFO Ryan Lockwood, and COO Michael Huffaker will host the conference call live via an audio webcast, followed by a question and answer period. To access the conference call as a participant, please pre-registe
10/8/24 4:01:00 PM ET
$PRTS
Auto & Home Supply Stores
Consumer Discretionary