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5 Penny Stocks To Buy According To Insiders In September

1 16 12
16.09.2021

Are insiders something that you follow in the market when it comes to penny stocks? Some consider this strategy “following the money” and has lead to a new trend among retail traders. Mimicking the actions of larger investors is something that has been around for decades. But its prevalence has become more apparent in recent months thanks to new retail traders looking for the edge.

You could follow things like meme stocks or penny stocks to buy according to analyst ratings. But in both cases, they’re missing a critical component. That component is support from the companies themselves. I’m not talking about more financing or reaching corporate milestones but actual “skin in the game,” so to speak. Insider trading is something that usually gives an added layer of sentiment to a company’s public perception. When insiders buy, the market generally takes this as a positive sign.

When it comes to insiders selling, well, that’s usually seen as a negative. There are some exceptions to the rule. Executives and other insiders may put themselves on buying or selling schedules. One example of this is the periodic stock sales in Amazon (NASDAQ:AMZN) by CEO Jeff Bezos. Does anyone need to sell $3 billion worth of stock? Not really, but Bezos has a preset selling schedule that he is not in control of to avoid conflicts of interest. All the same, it was a rescheduled event and, thus, doesn’t tend to hold as much weight as far as market sentiment is concerned.

Read more: How To Buy Penny Stocks

In this article, we’ll take a closer look at a few penny stocks insiders are scooping up this month. Then you can decide if it’s worth taking a closer look before October or if you should avoid them entirely.

I can’t say that it’s been a strong month for Tuesday Morning. However, it would appear that insiders see this as an opportunity. This week a slew of Form 4s were filed, showing that management is buying shares of TUEM stock at these levels. In total, its CEO, COO, and CMO purchased more than 760,000 shares between average prices of $1.68 and $1.81. You’ll also see that there were additional shares accounted for on the Form 4s of COO Marc Katz and CMO Paul Metcalf. These were restricted stock units that vest during certain periods of their employment provided certain thresholds. Needless to say, even at the lower end of this range, that’s more than $1.2 million.

Click To See TUEM Stock Trades From Insiders

Tuesday Morning continues licking its wounds following an earnings miss in its Q4 report. However, the company managed to beat sales estimates. If you have followed Tuesday........

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