Alright buddy, let's talk about some stocks. You know how people can buy and sell parts of different companies, right? Those parts are called stocks. Sometimes people who work for the company, or who own a little part of it, decide to buy or sell more stocks. This article talks about three different companies that have stocks for less than $2. Some important people in these companies decided to buy more stocks. They must think that the companies are going to do well in the future. We can think about what they're doing as a clue to help us decide if we want to buy stocks in those companies too. Read from source...

Avi Kapoor, the Benzinga Staff Writer, provided information on three penny stocks whose insiders made noteworthy transactions, with explanations for their moves. This report presents valuable insights for investors and traders interested in penny stocks, aiding them in making informed decisions. The companies - Allied Gaming & Entertainment, System1, and Earth Science Tech - belong to the gaming, technology, and health and wellness sectors, respectively, with details on their recent activities. However, the report could benefit from a more in-depth analysis of these transactions and their implications.

neutral. The article discusses insider transactions and doesn't provide any conclusive positive or negative outlook on the stocks mentioned.

Based on the article, there are several penny stocks mentioned that insiders are buying, which could indicate confidence in the company's prospects. These include:

1. Allied Gaming & Entertainment Inc. (AGAE) - Knighted Pastures LLC, a 10% owner, bought 208,331 shares at an average price of $1.48, costing around $307,613. The company recently entered into a termination agreement with Elite Fun Entertainment Limited and its affiliates.

2. System1, Inc. (SST) - Cee Holdings Trust, a 10% owner, acquired 119,551 shares at an average price of $1.44, costing around $172,005. System1 posted upbeat first-quarter results recently.

3. Earth Science Tech, Inc. (ETST) - Mario Guillermo Tabraue, the COO, bought 20,000 shares at an average price of $0.25, spending around $4,980. Earth Science Tech reported revenue of over $11.9 million for its year ended March 31, 2024.

Investors and traders interested in penny stocks should consider these insider transactions as a factor in their overall investment or trading decision. However, as with any investment, there are risks involved, and it is crucial to conduct thorough research and consider other factors such as the company's financial health, market trends, and personal risk tolerance before making any investment decisions.