the nasdaq composite dropped by around 200 points on friday 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 platform3   the trade opko health inc 10 owner frost gamma investments trust bought a total of 50000 shares at an average price of 190 to acquire these shares it cost around 9484 thousand   what’s happening opko health last month posted a q2 loss of 014 per share   what opko health does opko health inc is a diversified biotechnology company that operates pharmaceutical and diagnostic development programs   the trade geovax labs inc director randal chase acquired a total of 10000 shares at an average price of 110 the insider spent around 11 thousand to buy those shares   what’s happening the company’s stock has dipped over 70 since the start of the year   what geovax labs does geovax labs inc is usbased clinicalstage biotechnology company it is engaged in developing immunotherapies and vaccines against cancers and infectious diseases using a novel patented modified vaccinia ankaravirus like particle gvmvavlp vector vaccine platform volatility in markets increases after us stocks record sharp losses don’t forget to check out our premarket coverage here    the trade eton pharmaceuticals inc ceo sean brynjelsen acquired a total of 10000 shares at an average price of 210 to acquire these shares it cost around 2104 thousand   what’s happening eton pharmaceuticals last month posted a q2 loss of 006 per share   what eton pharmaceuticals does eton pharmaceuticals inc is a united states based specialty pharmaceutical company   the trade great elm group inc 10 owner bc advisors llc acquired a total of 13463 shares at an average price of 205 the insider spent 2759 thousand to buy those shares   what great elm group does great elm group inc operates as a holding company the company operates in two business lines including durable medical equipment and investment management