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5 Best Penny Stocks To Buy Right Now According To Insiders

1 31 398
06.08.2021

Looking for the best penny stocks to buy right now? You could search hundreds of charts or sift through scanners. But some traders “follow the money” when it comes to trading. What do I mean? When you’re talking about public companies, a few requirements need to be met, according to the Securities & Exchange Commission. One of these requirements is public disclosures, and in this article, I’m going to talk about insider reporting.

Now, we’re not talking about getting a hot tip from your buddy about “inside info”; that’s not the insider trading I’m talking about. Today we’re talking about stocks that insiders of companies – management, board members, etc. – are spending their own money on. What if there was a way to know exactly when, how much, and at what price insiders buy shares in their own companies? Well, there is, and it can be found in corporate filings.

There isn’t some crazy hidden place online that only “pro traders” have access to. As far as insider activity goes, it’s pretty easy to find. Form 4 filings are the most frequently referenced. These show insiders and different transactions. The info you’ll see is the transaction date, shares purchased/sold/issued, the average price per share, and any footnotes. There are also a few other types you’ll want to be aware of. For more information on all types of filings, check out “The Beginner’s Handbook For Trading Penny Stocks.”

At the very least, insider trade data can help you gauge the general sentiment of the people “pulling the levers” and “pushing the buttons” inside a company. When it comes to footnotes, these will also be important. In some cases, insiders schedule periodic purchases and sales. This usually isn’t taken the same way as open market purchases or sales.

[Read More] Are Penny Stocks Worth It? 5 That Deserve Your Attention Now

For instance, Amazon (NASDAQ: AMZN) CEO Jeff Bezos sells several billion dollars worth of AMZN stock per quarter, no matter the stock price. This is a pre-planned event that has little to do with the company or its success/failure. In this article, we’ll take a look at 5 penny stocks with recent insider buying. Will they be on your list this quarter?

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