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 qumu corporation nasdaq qumu president and ceo tj kennedy acquired a total of 13000 shares at an average price of 206 the insider spent 2679690 to buy those shares what qumu does qumu corp provides the software solutions to create manage secure distribute and measure the success of live and ondemand video for enterprises the trade cumberland pharmaceuticals inc nasdaq cpix exec vpchief commercial officer martin e cearnal acquired a total of 2205 shares shares at an average price of 272 the insider spent 599865 to buy those shares what’s happening cumberland pharmaceuticals is expected to release q3 financial results on tuesday november 9 2021 what cumberland pharmaceuticals does cumberland pharmaceuticals is a specialty pharmaceutical company operating in the united states it focuses on the acquisition development and commercialization of branded prescription products the trade trilogy metals inc nyse tmq director janice stairs acquired a total of 25000 shares at an average price of 056 to acquire these shares it cost 1400000 the insider also disposed a total of 12835 shares what’s happening trilogy metals last month posted a q3 loss of 005 per share what trilogy metals does trilogy metals inc is an exploration stage company engaged in mineral exploration the company focuses on exploring and developing its mineral resource properties which include the upper kobuk mineral projects ukmp or ukmp projects in the ambler mining district located in alaska the united states