us stocks closed mixed on wednesday investors meanwhile focused on some notable insider trades 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 black diamond therapeutics inc 10 owner bb biotech ag acquired a total of 300000 shares at an average price of 327 to acquire these shares it cost 98058 thousand   what’s happening black diamond therapeutics recently said first patient was dosed in phase 1 study of bdtx1535 a masterkey inhibitor of egfr for the treatment of glioblastoma and nonsmall cell lung cancer   what black diamond therapeutics does black diamond therapeutics inc is a precision oncology medicine company it is engaged in the discovery and development of small molecule tumoragnostic therapies   the trade inozyme pharma inc director pivotal bioventure partners fund i ugp ltd acquired a total of 1070000 shares at an average price of 369 the insider spent around 395 million to buy those shares   what’s happening the company recently announced an underwritten offering of 16276987 shares of its common stock at 369 per share for gross proceeds of 73 million   what inozyme pharma does inozyme pharma inc is a rare disease biopharmaceutical company developing novel therapeutics for the treatment of diseases of abnormal mineralization impacting the vasculature soft tissue and skeleton also check this insiders buy more than 15m of 3 stocks don’t forget to check out our premarket coverage here    the trade societal cdmo inc 10 owner awm investment company inc acquired a total of 27700 shares at an average price of 155 to acquire these shares it cost around 4303 thousand   what’s happening the company recently announced the addition of new employees to fill open roles throughout the organization   what societal cdmo does societal cdmo inc is a contract development and manufacturing organization