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8 Best Penny Stocks To Buy Right Now According To Insiders

1 13 1
16.08.2021

Trying to track down the best penny stocks to buy right now? Some traders will focus on technical indicators and charts. Others may look for news headlines or earnings reports. There’s another train of thought that simply “follows the money”. What I mean by this is some investors look at stocks with recent or constant insider buying. If you’re new to the market, this phenomenon may seem foreign to you. How could you possibly know when insiders of a company are buying stock?

When I talk about insider trading, this isn’t like what you’ve probably seen in the movies. This isn’t a “Blue Horseshoe/ Anacott Steel” situation. Thanks to rules put in place by the Securities and Exchange Commission, insiders are required to report their trades publicly. If a CEO is buying shares, it gets disclosed in a Form 4.

Read more: Penny Stocks & Due Diligence: Understanding Important SEC Filings

The same is true if shares are being sold or options are being issued. But it isn’t solely limited to officers of a company. Larger shareholders are also required to file reports with the SEC showing their positions. Armed with this information, you can gauge the sentiment of those actually “in the know” and if they see potential in the companies they actually work for.

This article is a continuation of “5 Best Penny Stocks To Buy Right Now According To Insiders” published this month. To see that full list of penny stocks just click the link and you can read the update. Today we’ll take a look at a few more companies that’ve seen insider activity picking up recently. We’ll also take a look at any additional details that may be important to note when looking at these companies.

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