when insiders purchase or sell shares it indicates their confidence or concern around the companys 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 benzingas insider transactions platform the trade biostage inc otc bstg 10 owner dst capital llc acquired a total of 500000 shares at an average price of 200 to acquire these shares it cost 100000000 what’s happening biostage recently named jerry he to board of directors and completed private placement of 26 million to continue its clinical transition what biostage does biostage inc is a biotechnology company which is developing engineered organ implants based on novel cellframe technology the trade lannett company inc nyse lci director patrick lepore acquired a total of 20000 shares shares at an average price of 331 the insider spent 6620000 to buy those shares what lannett does lannett co develops manufactures packages markets and distributes generic versions of brand pharmaceutical products the trade greenlane holdings inc nasdaq gnln director jeffrey j uttz acquired a total of 36000 shares at an average price of 281 to acquire these shares it cost 10116000 what’s happening alliance global partners recently initiated coverage on greenlane with a buy rating and announced a price target of 6 what greenlane does greenlane holdings is a distributor of vaporization products and consumption accessories in the united states the trade parks america inc otc prka director charles kohnen acquired a total of 22000 shares at an average price of 062 to acquire these shares it cost 1369000 what’s happening the company last month reported total net sales for the fiscal quarter ended july 4 2021 of 3874100 an increase of 653892 compared to 3220208 for the yearago period what parks america does parks america inc through its subsidiaries involved in the business of acquiring developing and operating local and regional theme parks and attractions in the united states