Clear Channel Outdoors, Archer Aviation, and These 2 Stocks Under $3 Insiders Are Buying Aggressively

The Dow Jones closed down nearly 400 points on Tuesday. When insiders buy or sell shares, it reflects their belief in or concern for the company’s prospects. Investors and traders interested in penny stocks may consider this as a factor in their overall investment or trading decision.

Below is a look at some notable recent insider trading for penny stocks. For more, see Benzinga’s insider trading platform.

Clear Channel Outdoor

• business: Clear Channel Outdoor Holdings, Inc. CCO 10% owner Ares Partners Holdco LLC Total bought 330,000 shares At an average price of $1.39. About $ 459.92 thousand was spent in acquiring these shares.
• What are you saying: Clear Channel Outdoor recently agreed to sell its Switzerland business to Goldbach Group, an affiliate of TX Group, for $92.7 million.
• What Clear Channel Outdoor does: Clear Channel Outdoor Holdings Inc. is one of the world’s largest outdoor advertising companies.

Archer Aviation

• business, Archer Aviation Inc. achr director Michael Spellacy Total acquired 23,116 shares at an average price of $2.60. The insider spent approximately $60,000 to purchase these shares.
• What are you saying?Stellantis partnered with Archer Aviation to build the flagship electric vertical take-off and landing (eVTOL) aircraft, the Midnight.
• What does Archer Aviation doArcher Aviation Inc. advances the benefits of sustainable air mobility.

Check it out: AMC Entertainment, Cintas and These 2 Stocks Insiders Are Selling

BioCorRx

• business, BioCorx Inc. bicx 10% owner Louis C. Lucido Total 4,000 shares acquired At an average price of $1.13. It cost about 4.5 thousand dollars to acquire these shares.
• What are you saying?Shares of the company declined by more than 50% in the last six months.
• What does BioCorRx do?BioCorRx Inc. is an alcohol treatment and rehabilitation company.

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Applied Digital

• business, Applied Digital Corporation apld CEO, President Wes Cummins Total acquired 75,000 shares At an average price of $2.17. The insider spent 162.75 thousand dollars to buy these shares.
• What are you saying?The company recently posted strong second quarter results.
• What does Applied Digital doApplied Blockchain Inc. is an Ethereum and Altcoin mining company.