The Dow Jones index closed higher by more than 300 points on Friday. 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.

TSS

The Trade: TSS, Inc. (OTC:TSSI) President and CEO Darryll E Dewan acquired a total of 10,000 shares an average price of $0.60. To acquire these shares, it cost around $6,000..
What’s Happening: On March 28, TSS, reported results for its fourth quarter and fiscal year ended Dec. 31, 2023.
What TSS Does: TSS Inc provides various services for planning, design, development, and maintenance of mission-critical facilities and information infrastructure, as well as integration services.

Butler National

The Trade: Butler National Corporation (OTC:BUKS) Director Joseph Patrick Daly acquired a total of 89,200 shares at at an average price of $0.79. To acquire these shares, it cost around $70,216. The company’s President and CEO Christopher J Reedy also bought 5,000 shares,
What’s Happening: On March 15, the company said operating income increased 12% to $3.8 million for the third quarter.
What Butler National Does: Butler National Corp is engaged in designing, manufacturing and selling, installing, repairing, modifying, overhauling, servicing and distributing a broad portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems.

Check This Out: These 3 Tech And Telecom Stocks With Over 6% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts

Fresh Tracks Therapeutics

The Trade: Fresh Tracks Therapeutics, Inc. (OTC:FRTX) 10% owner Exploration Capital, LLC acquired a total of 17,378 shares at an average price of $0.91. The insider spent around $15,814 to buy those shares.
What’s Happening: The company’s stock fell around 9% over the past six months.

Don’t forget to check out our premarket coverage here