Insiders Buying Stocks Under $2: CommScope Holding And 3 Others Insiders Signal Confidence: Notable Stock Purchases Below $2

Written By Michael Gary Scott

The Dow Jones index closed higher by over 100 points on Thursday. Insiders purchasing or selling shares can be a signal of their confidence or concern about a company’s future. For investors eyeing penny stocks, such actions can be a key consideration.

Let’s delve into recent notable insider transactions for penny stocks.

Positive Outlook: Entravision Communications

  • Insider Move: The CEO of Entravision Communications Corporation acquired 100,000 shares at an average price of $1.67, totaling approximately $167,250.
  • Recent Development: Entravision Comms reported upbeat quarterly sales on March 5.
  • Description: Entravision Communications Corp is a global media company involved in television, radio, digital properties, and data analytics services.

Gaining Momentum: AmBase

  • Insider Action: Barc Investments LLC, a 10% owner of AmBase Corporation, acquired 44,200,460 shares at an average price of $0.20, totaling around $8.84 million.
  • Recent Movement: The company’s stock surged about 42% in the past month.
  • Description: Ambase Corp is a US-based holding company with interests in real estate development in New York, New York.

Explore This: Gap, Genesco And 3 Stocks To Watch Heading Into Friday

Potential Growth: Charles & Colvard

  • Insider Purchase: The President and CEO of Charles & Colvard, Ltd. bought 15,000 shares at an average price of $0.37, amounting to about $5,550.
  • Recent News: On February 13, Charles & Colvard reported a quarterly loss of 9 cents per share.
  • Description: Charles & Colvard Ltd specializes in manufacturing, marketing, and distributing finished jewelry with moissanite gemstones.

Strategic Move: CommScope Holding

  • Insider Purchase: Claudius E. Watts IV, a Director at CommScope Holding Company, Inc., acquired 15,000 shares at an average price of $1.05, totaling approximately $15,770.
  • Recent Development: CommScope announced intentions to expand its US-based manufacturing capabilities for fiber connectivity products.
  • Description: CommScope Holding Co Inc is a provider of infrastructure solutions for communication, data center, and entertainment networks.
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