Stock market is like a big store, where people buy and sell things. These things are stocks, tiny parts of a company. Some companies have very low prices for their stocks because their business is not doing well.

Some people, who work for these companies, know that their company has good chances to make more money in the future. So, they use their own money to buy these low-priced stocks, because they believe the price will go up in the future.

In this article, we have 4 company bosses who bought lots of these low-priced stocks, because they think their companies are going to make lots of money. This is like these bosses buying many toys from the store, because they think these toys will be popular and other kids will want to buy them later. Read from source...

The article published by Benzinga about various penny stocks seems to have attracted a fair amount of criticism from readers, based on the comment section and the public reaction on social media. The comment section of the article on the Benzinga website features a number of negative and critical comments. The readers criticize the article for a number of reasons, including the use of inconsistent and biased arguments, the presence of emotional language, and the overall quality of the writing.

Some readers argue that the article is full of inconsistencies and is not well-researched. They criticize the author for relying on anecdotal evidence and cherry-picking data to support the claims made in the article. Others argue that the article is overly emotional and lacks a rational, objective analysis of the various penny stocks discussed in the article.

Some readers also argue that the author has a clear bias towards certain penny stocks, and this is reflected in the way the article is written. They argue that the author’s enthusiasm for certain stocks, such as Butterfly Network, appears to be based on personal beliefs and preferences, rather than objective analysis.

In conclusion, the article published by Benzinga about various penny stocks has been met with a mixed response from readers. While some readers appreciate the author’s insights and analysis, many others criticize the article for its inconsistencies, biases, and emotional language. The article may have missed the mark with its intended audience and may not have delivered the level of quality and credibility that readers expect from a reputable news source.

bullish

Involved Companies (Capital Market Listings in US/Canada): Butterfly Network (BTN), Castellum (CSHNF)

Analysis: Insiders purchased shares in Butterfly Network, Inc, Hydrofarm Holdings Group, Inc, Neuronetics, Inc, and Castellum, Inc.

Fundamental Analysis: Insider purchases suggest that executives are confident in their company's prospects.

Technical Analysis: Insider purchases can be used as a factor in deciding when to buy or sell a stock.

Sentiment Analysis: Insider purchases typically indicate bullish sentiment for a stock.

The Dow Jones index closed higher by more than 200 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.

Hydrofarm Holdings Group

The Trade: Hydrofarm Holdings Group, Inc. HYFM Director, CEO and Chairman of the Board William Douglas Toler bought a total of 100,000 shares at an average price of $0.50. To acquire these shares, it cost around $49,800.

What's Happening: On Aug. 8, Hydrofarm Holdings Group reported $54.8 million in net revenue for the second quarter representing a 13.1% year-over-year decrease from $63.1 million.

What Hydrofarm Holdings Group Does: Hydrofarm Holdings Group Inc is a distributor and manufacturer of agriculture equipment and supplies.

Neuronetics

The Trade: Neuronetics, Inc. STIM Director Glenn P Muir acquired a total of 25,000 shares at an average price of $0.85. To acquire these shares, it cost around $21,250.

What's Happening: On Aug. 12, Neuronetics reported worse-than-expected second-quarter financial results and issued third-quarter revenue guidance below estimates.

What Neuronetics Does: Neuronetics Inc a commercial stage medical technology company focused on designing, developing and marketing products that improve the quality of life for patients who suffer from psychiatric disorders.

Butterfly Network

The Trade: Butterfly Network, Inc. BFLY Director Larry Robbins acquired a total of 1,676,869 shares at an

Bank of America Bank of America Corporation (NYSE: BAC) (BAC), Wells Fargo & Company WFC (Wells Fargo), Morgan Stanley (NYSE: MS) (MS), and Goldman Sachs Group, Inc. (NYSE: GS) (GS) have all announced dividend increases.

### Bank of America Corporation

Bank of America Corporation (NYSE: BAC) (BAC) has increased its quarterly dividend to $0.30 from $0.27, an increase of 11.1% from the previous quarter. The next dividend will be payable on September 25, 2024, to shareholders of record on September 1, 2024. This marks the bank's fourth dividend increase since the Federal Reserve's stress tests in 2024.

The bank has a history of dividend increases, and it appears that they are becoming more frequent. In 2024, Bank of America announced two dividend increases, one in January and the other in May. In addition to the dividend increase, the bank also repurchased $17.7 billion in shares in the second quarter.

### Wells Fargo & Company

Wells Fargo & Company (NYSE: WFC) (Wells Fargo) has increased its quarterly dividend to $0.30 from $0.25, an increase of 20%. The next dividend will be payable on October 25, 2024, to shareholders of record on October 7, 2024. This marks the bank's first dividend increase since the Federal Reserve's stress tests in 2024.

Wells Fargo has a history of dividend increases, but they have not been as frequent as Bank of America's. The bank last increased its dividend in 2020, from $0.20 to $0.25.

### Morgan Stanley

Morgan Stanley (NYSE: MS) (MS) has increased its quarterly dividend to $0.70 from $0.55, an increase of 27.3%. The next dividend will be payable on October 26, 2024, to shareholders of record on October 7, 2024. This marks the bank's fifth dividend increase since the Federal Reserve's stress tests in 2024.

Morgan Stanley has a history of dividend increases, but they have not been as frequent as Bank of America's. The bank last increased its dividend in 2020, from $0.30 to $0.35.

### Gold