More Than $2M Bet On This Consumer Defensive Stock? Check Out These 3 Penny Stocks Executives Are Aggressively Buying

Avi Kapoor

September 18, 2024

The Dow Jones index closed slightly lower 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.

CPS Technologies

The Trade: CPS Technologies Corporation (NASDAQ:CPSH) CFO Charles Kellogg Griffith Jr bought a total of 1,000 shares at an average price of $1.43. To acquire these shares, it cost around $1,430.
What's Happening: On Sept. 17, CPS Technologies announced Phase II award from the Department of Energy.
What CPS Technologies Does: CPS Technologies Corp provides material solutions to the transportation, automotive, energy, computing/Internet, telecommunications, aerospace, defense, and oil and gas end markets.

Flora Growth

The Trade: Flora Growth Corp. (NASDAQ:FLGC) CEO Clifford Starke acquired a total of 6,795 shares at an average price of $0.95. To acquire these shares, it cost around $6,455.
What's Happening: On Aug. 13, Flora Growth reported its financial and operating results Monday for the second quarter ended June 30. The Florida-based cannabis company disclosed revenue of $15.68 million, down from $21.46 million in the same period last year.
What Flora Growth Does: Flora Growth Corp is a multi-national cannabis company that manufactures and distributes consumer packaged goods, cultivates and distributes medicinal cannabis, and distributes pharmaceutical products.

BRC

The Trade: BRC Inc. (NYSE:BRCC) Engaged Capital Flagship Master Fund, LP Leonard acquired a total of 684,542 shares at an average price of $3.17. The insider spent around $2.17 million to buy those shares.
What's Happening: On Sept. 5, BRC announced a long-term sales and distribution agreement with Keurig Dr Pepper for a new line of ready-to-drink Black Rifle Energy beverages.
What BRC Does: BRC Inc is a veteran-controlled company that serves premium coffee, content, and merchandise to active military, veterans, and first responders.

Read Next:

Cramer: Hewlett Packard Is A ‘Very Inexpensive’ Stock, Likes This Big Tech Stock

Recommended

A 10,000% Dividend?!? - Ad

U.S. Loses to China in Shocking WAR GAMES - Ad

My TOP Altcoin for Right Now Is... - Ad

Su explained that multiple architectures are necessary to meet various application needs.

What's Going On With Chinese Tech Stocks Like Alibaba, PDD On Thursday?

Alibaba and other Chinese tech stocks are up as US Fed plans to cut interest rates, boosting demand and potential for AI growth.

A New Drug Set to Outgrow Zoloft and Metformin--Invest Now

A New Drug Set to Outgrow Zoloft and Metformin--Invest Now - Ad

A new breakthrough drug is predicted to hit 250 million subscriptions in the next SIX YEARS, according to Morgan Stanley. Even better, a tiny company - trading for only $7 - holds key patents on this new drug. But it won't stay under the radar for much longer.

Anthony Scaramucci Says Donald Trump Is A 'Polarizing Person' But 'Pulling Democrats Along' On Crypto, Working On Distancing Kamala Harris 'Away From Gary Gensler'

Scaramucci warns of Trump's re-election as potential threat to crypto. Industry divided on political support. SEC's Gensler a common target.

Target Hires PepsiCo Veteran Jim Lee As Finance Chief

Target named PepsiCo's Jim Lee as CFO and member of leadership team starting Sep. 22. Specifically, Lee will receive a cash sign-on bonus of $2.2 million.

4 Steps to Survive the Coming Market Crash

4 Steps to Survive the Coming Market Crash - Ad

There are massive cracks forming right below the surface of our "shining city." These cracks are a symptom of a much bigger problem that threatens the very foundation of our country. Things are starting to unravel at a fast pace, as America sees worst economic hell our country has ever been in.

Scaramucci Says Melania Trump Would Prefer Kamala Harris To Donald Trump As President

Anthony Scaramucci has claimed that Melania Trump would rather see Kamala Harris win the presidency than her own husband.

Bitcoin Spikes Above $61,000 as Fed Implements 50 Bps Rate Cut

In a significant market move, Bitcoin (CRYPTO: BTC) surged past the $61,000 mark after the U.S.

Silicon Valley Billionaires Are Quietly Buying Into What We Call the "Imperium" Boom

Silicon Valley Billionaires Are Quietly Buying Into What We Call the "Imperium" Boom - Ad

See why Bill Gates, Mark Zuckerberg and Peter Thiel are making huge bets on this breakthrough now.

Americans Split On Election Result Acceptance Between Harris And Trump, Here Is The Candidate They Think More Likely To Accept Voters' Verdict

A survey conducted by ABC News/Ipsos has shed light on the American public's confidence in the acceptance of the upcoming November presidential election results by Vice President Kamala Harris and former President Donald Trump.

Trump Vs Harris: Who Do Russia, Iran And China Favor In 2024 Election? Intelligence Officials Weigh In

U.S. intelligence officials believe that Russia, Iran and China have preferred candidates in this year's U.S. presidential election. Each of these foreign powers has different views on who would best serve their interests.

Buffett's Big A.I. Secret (Handle With Care)

Buffett's Big A.I. Secret (Handle With Care) - Ad

A.I. is the talk of the town...But here's what they're NOT telling you. Former investment banking V.P. Ross Givens is letting the cat out of the bag. He's leaking a revolutionary new development, which changes everything. It will kick off A.I.'s massive second wave.

Mary Trump Shares Video 'Letter' To Uncle Donald Trump, Also Says He Pushed Her To Ketamine Therapy In New Book

Mary Trump, the niece of Donald Trump, has made a public statement to her uncle through a unique medium.

Psychedelic Church Opens In Colorado Springs, CO Making History

Meet Colorado's first psychedelic church in Colorado Springs, where magic mushrooms and DMT are used for healing and creating community.

America Can't Afford a Harris Presidency

America Can't Afford a Harris Presidency - Ad

New research from Jim Rickards - former advisor to the CIA - reveals shocking predictions about an "Election Meltdown" coming this November. Jim's showing all American patriots why an "Election Meltdown" could crash stocks by 50%, lead to the final demise of the dollar, even cause violent riots in the streets.

Trump's Campaign Slapped With Lawsuit Threat After Jack White Calls Them 'Fascists'- 'You Should Lose Every Military Family's Vote Immediately!'

Jack White of the White Stripes has condemned Donald Trump's campaign as "fascists" and threatened legal action after an aide used a clip of the band's 2003 hit "Seven Nation Army" in a pro-Trump social media post.

Trump Vs. Harris: 2024 Election Betting Odds Show 'Love Story' For Vice President After Debate, Taylor Swift Endorsement

The presidential debate between Vice President Kamala Harris and Ex-President Donald Trump shifted the betting odds for the winner on Election Day. Here’s a look at who has the edge and how the markets have shifted in recent months.

The No. 1 AI Stock of 2024 (Not Nvidia)

The No. 1 AI Stock of 2024 (Not Nvidia) - Ad

It's not Nvidia, Meta Platforms, Alphabet, or Amazon. But thanks to a recent major deal, an under-the-radar stock could become the No. 1 winner of the AI boom. "This company just teamed up with one of the biggest power players in the AI industry... yet you can still buy it for just one-twelfth the price of Nvidia -- the time to buy is NOW," says Marc Chaikin.

Polling Veteran Nate Silver Says Kamala Harris Got The Debate She Wanted As Fatigued Trump Couldn't Bring His 'A-Game' After The Initial Momentum

Vice President Kamala Harris seems to have emerged as the winner of the first presidential debate between her and Republican cand

What to Stream: George Strait, 'Rebel Ridge,' Astro Bot, 'Slow Horses' and Mormon influencers

“The Secret Lives of Mormon Wives,” a docuseries following young wives in Utah, and the suspenseful thriller “Rebel Ridge” are some of the new television, films, music and games near you.

This $2 Stock Outshines Historic Gold Rally!

This $2 Stock Outshines Historic Gold Rally! - Ad

Gold has soared 25% in the last 6 months, but this young company has more than doubled that return. With a price target nearly double its current value, it's caught the eye of 40+ investment banks and funds. Discover the name of this standout company today and see why it's a potential gold mine for investors.

Social media is filled with skin care routines for girls. Here's what dermatologists recommend

Girls are with advice from influencers touting elaborate skin care routines with high-priced serums, mists and creams. But what is the right skin care routine for preteens?

Stalled In Bureaucratic Limbo, This German City Struggles With Illegal Cannabis As Demand Surges

The slow response is largely due to complex bureaucratic requirements. Applicants must provide extensive documentation.

September 23 - The Biggest Crypto Event in History

September 23 - The Biggest Crypto Event in History - Ad

According to the man who called every major market top and bottom for the last 29 years... A single event triggering on September 23rd will send the crypto market soaring. But what's more exciting... is that this event could send a small sector of the crypto market soaring 5X, 25X, and even 100X higher in just days.

GameStop Shares Are Trading Higher: This Week In Review

GameStop Corporation (NYSE: GME) shares are up Friday. Here's what you need to know.

Tesla CEO Elon Musk Wants To Bring Back Dogecoin As A Payment Option To Buy Company's Merchandise

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk said on Friday that he would like to have the option of paying with meme cryptocurrency Dogecoin (CRYPTO: DOGE) reinstated for the company’s merchandise.

Top AI Stock (It's Not MSFT, GOOGL, AMZN or AAPL)

Top AI Stock (It's Not MSFT, GOOGL, AMZN or AAPL) - Ad

Ross Givens says the #1 artificial intelligence stock is NOT Microsoft, Google, Amazon or Apple, not even Nvidia. Nope -- his research is pointing to a tiny, under-the-radar stock that's trading for just a few dollars right now... And has lined up major partnerships with Honda, Netflix, Pandora, Mercedes Benz and many, many others.

Kentucky's Massive Cannabis Licensing Response: 5,000 Applications Filed Before Deadline

Nearly 5,000 medical cannabis license applications were filed in Kentucky by the August deadline, showing immense interest.

Tesla Bull Blames EV Giant For Elon Musk Missing Out On Time Magazine's 'Most Influential People' In AI, Says It Needs To 'Work Harder' On Managing Press

The Future Fund managing partner Gary Black on Thursday pinned the unfavorable media coverage on EV giant Tesla Inc to a lack of effort from the company to manage the press.

New "Living Missile" to Replace Nuclear Missiles

New "Living Missile" to Replace Nuclear Missiles - Ad

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

Bill Ackman And Elon Musk Blast Kamala Harris For Her Social Media Posts During Debate With Trump: 'Even Her Tweets Are Not Her Own'

Recent comments by prominent figures have sparked debate over Vice President Kamala Harris's social media activity and public engagement. Bill Ackman, CEO of Pershing Square Capital Management, raised questions about Harris's involvement in her own X posts during the recent Republican primary debate.

US-sanctioned Serbia official meets Putin, says Belgrade is an ally and won't join Western penalties

Serbia is a Russian ally and will never impose sanctions against Moscow or join NATO, the Balkan nation’s deputy prime minister said Wednesday as he met with Russian President Vladimir Putin.

The "Amazon Coin" -- To Be Bigger Than Bitcoin?

The "Amazon Coin" -- To Be Bigger Than Bitcoin? - Ad

Starting September 23rd, this tiny 3-cent crypto could partner with one of the biggest companies in the world... Amazon. Declassified video reveals "Amazon Coin" ahead of $27 trillion crypto revolution. One team of crypto experts have identified it as the most promising crypto of 2024.

Mohamed El-Erian Says While Most Assets Recovered After A 'Shaky Start' In August, Bitcoin Was Among The Exceptions

Mohamed El-Erian, Chief Economic Advisor at Allianz, noted Bitcoin's (CRYPTO: BTC) underperformance in August vis-à-vis other major asset classes.

Cannabis Industry Underserved By Financial Institutions Though 80% Of Operators Expect Growth In Upcoming Years

A new survey reveals the gaps and opportunities the services provided by financial Institutions to the cannabis industry

Red-Hot AI Stock "Disappearing" Soon? (Get In Now)

Red-Hot AI Stock "Disappearing" Soon? (Get In Now) - Ad

Right now, there's an AI stock on the verge of being snapped up by a giant company... And when it does, its price could go flying. The potential gains could be astronomical. You want to get in before that happens... Otherwise the opportunity could pass you by. Your window to buy in is right now...

Trump Vs. Harris: Nate Silver Says Former President Now Ahead Of Vice President In Electoral College Odds After Adjusting For The DNC 'Bounce'

Pollster Nate Silver's latest election forecast shows former President Donald Trump slightly ahead of Vice President Kamala Harris in the race for the Electoral College, despite Harris leading in national polls.

Ohio's Cannabis Sales Reach $44M As New Customers Just Keep Coming And Demand Is Not Slowing

Ohio recreational marijuana sales soar past $44M as demand remains high. Columbus dispensaries see strong growth, with no slowdown in sight.

Exposed: Democrats' Secret Plan to Keep Trump Out of the White House

Exposed: Democrats' Secret Plan to Keep Trump Out of the White House - Ad

Former advisor to the CIA, the Pentagon and the White House Jim Rickards just released this shocking new video exposing Democrats' secret plan to keep Trump out of the White House... Even if he wins the election. See the details and learn how to prepare... Because this could trigger the biggest constitutional crisis in our nation's history.

Wall Street Eyes Strong Finish To The Week Despite Futures Suggesting Moderation In Tech Buying: Strategist Cautions Against Factoring Rapid, Steep Cuts Ahead Of Next Week's Fed Meeting

Now that the twin inflation reports are in the rearview mirror, U.S. stocks are hanging onto the slender optimism as traders look ahead to the Federal Reserve’s rate-setting meeting.

Trending Now

Wall Street Primed For Relief Rally As Traders Eye Jobless Claims, FedEx Earnings After Fed's 50 Basis-Point Cut: Strategist Says These Stocks Will Gain Edge In First 6 Months Of Rate Cut

While Elon Musk Backs Trump For The White House, His Teams At Tesla, X And SpaceX Are Supporting Kamala Harris: Employees Have Reportedly Donated Over $90K To Vice President's Campaign

What If Kamala Wins? The 3 Words That Will Change Everything - Ad

TotalEnergies Extends LNG Deal With CNOOC

FactSet Research Q4 Earnings: Revenue And Profit Beat, Adds 188 New Clients, Margin Boost And More

Why Are These Strange "Accidents" Happening All Over America? - Ad

Elon Musk Laughs At The Idea Of Dick Cheney Supporting Kamala Harris For President

Vietnamese real estate tycoon, already sentenced to death for fraud, faces trial on new charges

President Trump and Elon Musk Issue Stark Warning - Ad

Mother Sells Taylor Swift Tickets Over Star's Endorsement Of Kamala Harris: 'I'm Gonna Shake It Off, And I'm Done With You'

Huge payout expected for a rare coin bought by Ohio farm family and hidden for decades

Seven Unknown AI Stocks That Could Dominate the Next Six Years - Ad

Trump Misunderstands Taiwan's Role In Chip Industry, Says Economy Minister: 'The President Has A Lot On His Plate'

Scaramucci: Trump Wins Billionaires' Support Despite Coming Off As 'Raging Lunatic,' Harris Backs A 'Ridiculously Stupid Idea'

Don't Buy Another Stock Until You See This - Ad

Turkey seeks to join the BRICS bloc of emerging economies, a Kremlin official says

Trump Says Immigrants Are 'Eating The Dogs' In Ohio During Debate With Kamala Harris, Gets Called Out

This Is How the AI Bull Market Ends - Ad

Kamala Harris To Unveil $50K Tax Deduction For Small Businesses To Counter Trump's Economic Policies As She Looks To Win Over Middle-Class Voters

Maryland awards contract for Francis Scott Key Bridge rebuild after deadly collapse

Why We Just Sold Half of Our Stocks - Ad

Nvidia Set To Reach $10 Trillion Valuation As Blackwell Expected To Propel Chip Maker With 'Fireworks Again' In 2025, Analyst Predicts

Tesla Considers Warner Bros Studio For Highly Anticipated Robotaxi Unveiling Event: Report

Do Not Day Trade (Do This Instead) - Ad

China's Chipmaking Investments Top US, Taiwan, South Korea Combined: What It Means For Nvidia, ASML

Trump's Media Company Stock Is Up Nearly 8% In Monday's Premarket: What's Going On?

DO NOT Make Another Trade Without Seeing This First - Ad

Firm offers bets on congressional elections after judge clears way; appeal looms

Another New Jersey offshore wind project runs into turbulence as Leading Light seeks pause

Man Who Called Nvidia at $1.10 Says Buy This Now... - Ad

Stellantis recalls 1.5M Ram trucks to fix software bug that can disable stability control

Behind the nonprofit helping a diverse new generation of culinary professionals heat up New York

Forget AI, Imperium Is Expected to Grow 320,000% In 3 Years - Ad

Young girls are using anti-aging products they see on social media. The harm is more than skin deep

Ethereum Co-Founder Vitalik Buterin Invests Ethereum Proceeds Into Aave, But Trader Says 'Not The Area To Buy'

Seven Unknown AI Stocks That Could Dominate the Next Six Years - Ad

Johnson & Johnson-Spin Off Kenvue Wins Lawsuit Over Pain Killer Tylenol 'Rapid Release' Gelcaps

Former Deputy Claims Harris Helped Close Backpage, Fallout Affects Sex Workers

Man Who Predicted Trump Win Issues Shocking New Election Prediction - Ad

Kroger and Albertsons prepare to make a final federal court argument for their merger

A Palestinain TikTok star who shared details of Gaza life under siege is killed by Israeli airstrike

5 Stocks That Could Triple in a Week - Ad

Video game performers reach agreement with 80 video games on AI terms

Rivian Launches Referral Program To Reward Customers Who Refer Other Buyers, Similar To Tesla's Scheme

My No. 1 Oil Play for 2024 - Ad

Wall Street Could Head Higher As Traders Look Forward To Retail Sales Data Ahead Of Fed Decision, Tech Stocks On The Mend: Strategist Flags This As Best-Case Scenario For Market This Week

Kamala Harris Vows Tougher Border Policy, Supports Israel's Armament In First Major Interview As Presidential Nominee

Elon Musk: Without This Company, "Civilization Will Crumble" - Ad

Peter Schiff Highlights Bitcoin's Underwhelming Performance Against Gold In The Past 6 Months: 'The Momentum Has Flipped'

More Hong Kongers tune out the news as they adapt to Beijing's tightening grip

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.