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3 Penny Stocks Insiders Are Buying

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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.

United Insurance

The Trade: United Insurance Holdings Corp. (NASDAQ: UIHC) Chief Underwriting Officer Brooke Shirazi acquired a total of 69554 shares at an average price of $3.17. To acquire these shares, it cost $220,486.18.

What’s Happening: The company’s shares dropped 17% over the previous month.

What United Insurance Does: United Insurance Holdings is a holding company primarily engaged in the residential and commercial property and casualty insurance business in the United States.

Coffee Holding

The Trade: Coffee Holding Co., Inc. (NASDAQ: JVA) CEO and President Andrew Gordon acquired a total of 5000 shares shares at an average price of $4.30. The insider spent $21,500.00 to buy those shares.

What’s Happening: Coffee Holding recently reported a third-quarter FY21 sales decline of 21.3% year-on-year, to $13.6 million.

What Coffee Holding Does: Coffee Holding is engaged in the business of wholesale coffee roasting and dealing. Its products include wholesale green coffee, private label coffee, and branded coffee.

Sharing Services Global

The Trade: Sharing Services Global Corporation (OTC: SHRG) 10% owner Document Security Systems Inc acquired a total of 25600 shares at an average price of $0.09. To acquire these shares, it cost $2,329.00.

What’s Happening: The company’s stock has tumbled over 63% since the start of the year.

What Sharing Services Global Does: Sharing Services Global is a diversified holding company specializing in the direct selling industry.

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