TransCode Therapeutics And 2 Other Penny Stocks Insiders Are Aggressively Buying

The Dow Jones closed slightly lower on Thursday. 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.

TransCode Therapeutics

• The Trade: TransCode Therapeutics, Inc. (NASDAQ: RNAZ) CEO Michael Robert Dudley acquired a total 18,607 shares an average price of $2.62. To acquire these shares, it cost around $48.66 thousand.
• What’s Happening: TransCode Therapeutics announced publication of new data supporting use of TTX-MC138 for treatment of metastatic breast cancer.
• What TransCode Therapeutics Does: TransCode Therapeutics Inc is an RNA oncology company. It is created to defeat cancer through the intelligent design and effective delivery of RNA therapeutics.

Lexicon Pharmaceuticals

• The Trade: Lexicon Pharmaceuticals, Inc. (NASDAQ: LXRX) CEO Lonnel Coats acquired a total of 40,000 shares at an average price of $2.31. The insider spent around $92.4 thousand to buy those shares.
• What’s Happening: Lexicon Pharmaceuticals recently announced pricing of a $125 million public offering and concurrent private placement..
• What Lexicon Pharmaceuticals Does: Lexicon Pharmaceuticals Inc is a biopharmaceutical company. It is engaged in the discovery, development, and commercialization of pharmaceutical products for the treatment of human diseases.

Global Clean Energy

• The Trade: Global Clean Energy Holdings, Inc. (OTC: GCEH) 10% owner Michael Zilkha acquired a total of 302,191 shares at an average price of $0.75. To acquire these shares, it cost around $226.6 thousand.
• What’s Happening: Global Clean Energy signed $30 million USDA climate-smart commodities grant kickstarting implementation of the climate-smart camelina project.
• What Global Clean Energy Does: Global Clean Energy Holdings Inc is a United States-based renewable feedstocks and finished fuels company.

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