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5 Penny Stocks To Buy Now According To Insiders In 2022

Insiders are scooping up shares of these penny stocks in 2022.
The post 5 Penny Stocks To Buy Now According To Insiders In 2022 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Want to find the best penny stocks to buy right now? I bet you’ve got a strategy in mind. Are you hunting for chart set-ups or searching for unusual volume? Maybe you’ve got a price range in mind, like penny stocks under $1.

On the other hand, you might be looking for companies releasing news before the stock market opens at 9:30 AM ET. Today, we look at a different trend called “follow the money,” which specific traders use to identify insider sentiment. Let me explain.

Insider Trading

The same general sentiment is observed, whether we’re talking about the latest round of stocks that Nancy Pelosi is buying, or company insiders are scooping up. When insiders or “important people” get behind a company through investing in it, the market can take this as a sign. The idea of “follow the money” means to follow the inflows and outflows of big buyers and insiders. Today we look at a handful of penny stocks to buy according to this cohort of investors.

Penny Stocks To Buy [According To Insiders]

  1. Oncternal Therapeutics Inc. (NASDAQ:ONCT)
  2. P3 Health Partners Inc. (NASDAQ:PIII)
  3. Pixelworks Inc. (NASDAQ:PXLW)
  4. Performant Financial (NASDAQ:PFMT)
  5. Vaccinex Inc. (NASDAQ:VCNX)

Penny Stocks To Buy 1. Oncternal Therapeutics Inc. (NASDAQ:ONCT)

One of the health-focused companies on this list with insider buying is Oncternal Therapeutics. The clinical-stage biopharmaceutical company is developing oncology therapies and advancing its current candidate, zilovertamab, in treating mantle cell lymphoma.

Earlier this month, Oncternal announced that it reached a consensus with the FDA on designing a Phase 3 trial ZILO-301 for MCL treatment using zilovertamab plus ibrutinib (branded by Abbvie/Janssen as ImbruvicaR. This “Study ZILO-301” is expected to begin next quarter.

ONCT Stock Insider Buying

This week a slew of Form 4s were filed showing insider buying from Oncternal’s General Counsel, CFO, CEO, and Chief Medical Officer. More than 60,000 shares were purchased at average prices ranging between $1.63 and $1.80.

2. P3 Health Partners Inc. (NASDAQ:PIII)

SPACs or Special Purpose Acquisition Companies have gotten a bad rap since the trend emerged during the 2020 pandemic. Effectively the same as what we’ve seen for years in the OTC market, a private company gets acquired by an already public company. In this case, the SPAC goes public with the sole plan of acquiring another company. Also known as a “blank check” stock, these SPACs have a shelf-life before they have to revise their strategy or face unraveling.

Last year, P3 Health Partners went public via a SPAC transaction with Foresight Acquisition Corp. (formerly FORE). But like many of these types of transactions, the retail market saw a substantial decline from highs of $16.73 at the time of the acquisition to lows this month of $4.62. Nevertheless, the market continues watching P3’s emergence as a player in the population health management industry.

Earlier this month, William Blair initiated coverage on the penny stock. The firm started with an Outperform rating as P3 expanded into the California market with the acquisition of Medcore HP and Omni IPA Medical Group.

PIII Stock Insider Buying

Michael Balkin, a 10% owner and manager of Foresight Sponsor Group, purchased 15,000 shares this week. According to footnotes in a recent Form 4, “These 15,000 Shares (as defined below) were acquired in a single transaction through a self-directed individual retirement account of Mr. Balkin.”

penny stocks insiders to buy P3 Health Partners PIII stock chart

3. Pixelworks Inc. (NASDAQ:PXLW)

While it hasn’t traded very actively this year, Pixelworks was a big focus point for traders last summer. PXLW stock surged from under $3 to highs of $7.90, thanks to a surge in visualization-tech stocks. The company provides content creation and video delivery solutions for enhancing visual quality on different screen types.

The latest slump in the market has impacted broader tech, with Pixelworks feeling some pressure in January. However, heading into the new month, there’s some refreshed interest in the stock. This comes after analysts at Colliers Securities upgraded PXLW stock to a Buy and set a $5 price target. It also came in tandem with news that the company would release full 2021 results next week. According to preliminary guidance, Pixelworks expects Q4 revenue between $16 million and $17 million.

“The fourth quarter is shaping up to be another solid quarter, further extending our sequential and year-over-year revenue growth,” commented Todd DeBonis, President and CEO of Pixelworks. “Moreover, we are entering the new year with increasing momentum and expanded engagements with tier-one mobile OEMs, which we expect to drive better than seasonal results for the first quarter of 2022.”

PXLW Stock Insider Buying

This week, CFO Haley Green reported purchasing 2,794 shares of PXLW stock. The average purchase price was $2.5585 and brought the total holdings for Green to 190,351.

penny stocks insiders to buy Pixelworks PXLW stock chart

4. Performant Financial (NASDAQ:PFMT)

Fintech has become a popular buzzword in the stock market today. Whether it’s discussing the latest decentralized “DeFi” finance, cryptocurrency, NFT, etc., or traditional financial technology, investors are taking notice of the trend. Performant Financial falls into this category, taking an analytics approach. It offers audit and recovery solutions for its clients and leverages technology to do so.

Most recently, Performant has placed a particular focus on advancing its healthcare operations. It works with healthcare payers through claims auditing and coordination-of-benefits services to account for improper payments. From government to commercial, Performant provides solutions to an array of clients.

PFMT Stock Insider Buying

January was an active month for insider buying. One group, in particular, accounted for the purchases. Four Form 4s were filed between January 12th and 31st by Prescott Group Capital Management. More than 1.3 million shares were purchased at average prices ranging from $1.89 to $2.06.

penny stocks insiders to buy Performan Financial PFMT stock chart

5. Vaccinex Inc. (NASDAQ:VCNX)

This list of penny stocks has plenty of biotechs on it. Vaccinex is another to add to it. The company develops antibody treatments for cancer and neurodegenerative disease. Earlier this year, the company reported two complete responses in the 1st three patients enrolled in a Phase 1b/2 KEYNOTE-B84 study of its pepinemab lead treatment. Combined with Keytruda in patients with recurrent or metastatic head and neck cancer, the company revealed that initial responses were positive in 2 of the patients.

“The KEYNOTE-B84 study is accruing patients in the now open expansion phase which will enroll up to an additional 62 patients in approximately equal groups of patients with CPS 20 and CPS ≥20 across 18 U.S. trial sites. We look forward to sharing further results at a medical conference as the study progresses, with interim analysis around the midpoint of enrollment (2H 2022).”

Maurice Zauderer, Ph.D., President and Chief Executive Officer of Vaccinex

VCNX Stock Insider Buying

A series of insider trading reports came out at the end of January. CEO Maurice Zauderer and directors Albert & Hacon Friedberg reported purchasing more than 5 million shares in the company’s recent private placement. The offering price for this placement was $1.11 per share.

penny stocks insiders to buy Vaccinex Inc. VCNX stock chart

Should You Buy What Insiders Are Purchasing?

There isn’t a failsafe that guarantees a winning investment if insiders buy. However, adding this topic to your research strategy doesn’t hurt. At the very least, you’ll see if management or large holders are putting more skin in the game around the same time you’ve added the stocks to your watch list.


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The post 5 Penny Stocks To Buy Now According To Insiders In 2022 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Survey Shows Declining Concerns Among Americans About COVID-19

Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat"…

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Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat" to the health of the US population - a sharp decline from a high of 67% in July 2020.

(SARMDY/Shutterstock)

What's more, the Pew Research Center survey conducted from Feb. 7 to Feb. 11 showed that just 10% of Americans are concerned that they will  catch the disease and require hospitalization.

"This data represents a low ebb of public concern about the virus that reached its height in the summer and fall of 2020, when as many as two-thirds of Americans viewed COVID-19 as a major threat to public health," reads the report, which was published March 7.

According to the survey, half of the participants understand the significance of researchers and healthcare providers in understanding and treating long COVID - however 27% of participants consider this issue less important, while 22% of Americans are unaware of long COVID.

What's more, while Democrats were far more worried than Republicans in the past, that gap has narrowed significantly.

"In the pandemic’s first year, Democrats were routinely about 40 points more likely than Republicans to view the coronavirus as a major threat to the health of the U.S. population. This gap has waned as overall levels of concern have fallen," reads the report.

More via the Epoch Times;

The survey found that three in ten Democrats under 50 have received an updated COVID-19 vaccine, compared with 66 percent of Democrats ages 65 and older.

Moreover, 66 percent of Democrats ages 65 and older have received the updated COVID-19 vaccine, while only 24 percent of Republicans ages 65 and older have done so.

“This 42-point partisan gap is much wider now than at other points since the start of the outbreak. For instance, in August 2021, 93 percent of older Democrats and 78 percent of older Republicans said they had received all the shots needed to be fully vaccinated (a 15-point gap),” it noted.

COVID-19 No Longer an Emergency

The U.S. Centers for Disease Control and Prevention (CDC) recently issued its updated recommendations for the virus, which no longer require people to stay home for five days after testing positive for COVID-19.

The updated guidance recommends that people who contracted a respiratory virus stay home, and they can resume normal activities when their symptoms improve overall and their fever subsides for 24 hours without medication.

“We still must use the commonsense solutions we know work to protect ourselves and others from serious illness from respiratory viruses, this includes vaccination, treatment, and staying home when we get sick,” CDC director Dr. Mandy Cohen said in a statement.

The CDC said that while the virus remains a threat, it is now less likely to cause severe illness because of widespread immunity and improved tools to prevent and treat the disease.

Importantly, states and countries that have already adjusted recommended isolation times have not seen increased hospitalizations or deaths related to COVID-19,” it stated.

The federal government suspended its free at-home COVID-19 test program on March 8, according to a website set up by the government, following a decrease in COVID-19-related hospitalizations.

According to the CDC, hospitalization rates for COVID-19 and influenza diseases remain “elevated” but are decreasing in some parts of the United States.

Tyler Durden Sun, 03/10/2024 - 22:45

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Rand Paul Teases Senate GOP Leader Run – Musk Says “I Would Support”

Rand Paul Teases Senate GOP Leader Run – Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump…

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Rand Paul Teases Senate GOP Leader Run - Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump into the race to become the next Senate GOP leader, and Elon Musk was quick to support the idea. Republicans must find a successor for periodically malfunctioning Mitch McConnell, who recently announced he'll step down in November, though intending to keep his Senate seat until his term ends in January 2027, when he'd be within weeks of turning 86. 

So far, the announced field consists of two quintessential establishment types: John Cornyn of Texas and John Thune of South Dakota. While John Barrasso's name had been thrown around as one of "The Three Johns" considered top contenders, the Wyoming senator on Tuesday said he'll instead seek the number two slot as party whip. 

Paul used X to tease his potential bid for the position which -- if the GOP takes back the upper chamber in November -- could graduate from Minority Leader to Majority Leader. He started by telling his 5.1 million followers he'd had lots of people asking him about his interest in running...

...then followed up with a poll in which he predictably annihilated Cornyn and Thune, taking a 96% share as of Friday night, with the other two below 2% each. 

Elon Musk was quick to back the idea of Paul as GOP leader, while daring Cornyn and Thune to follow Paul's lead by throwing their names out for consideration by the Twitter-verse X-verse. 

Paul has been a stalwart opponent of security-state mass surveillance, foreign interventionism -- to include shoveling billions of dollars into the proxy war in Ukraine -- and out-of-control spending in general. He demonstrated the latter passion on the Senate floor this week as he ridiculed the latest kick-the-can spending package:   

In February, Paul used Senate rules to force his colleagues into a grueling Super Bowl weekend of votes, as he worked to derail a $95 billion foreign aid bill. "I think we should stay here as long as it takes,” said Paul. “If it takes a week or a month, I’ll force them to stay here to discuss why they think the border of Ukraine is more important than the US border.”

Don't expect a Majority Leader Paul to ditch the filibuster -- he's been a hardy user of the legislative delay tactic. In 2013, he spoke for 13 hours to fight the nomination of John Brennan as CIA director. In 2015, he orated for 10-and-a-half-hours to oppose extension of the Patriot Act

Rand Paul amid his 10 1/2 hour filibuster in 2015

Among the general public, Paul is probably best known as Capitol Hill's chief tormentor of Dr. Anthony Fauci, who was director of the National Institute of Allergy and Infectious Disease during the Covid-19 pandemic. Paul says the evidence indicates the virus emerged from China's Wuhan Institute of Virology. He's accused Fauci and other members of the US government public health apparatus of evading questions about their funding of the Chinese lab's "gain of function" research, which takes natural viruses and morphs them into something more dangerous. Paul has pointedly said that Fauci committed perjury in congressional hearings and that he belongs in jail "without question."   

Musk is neither the only nor the first noteworthy figure to back Paul for party leader. Just hours after McConnell announced his upcoming step-down from leadership, independent 2024 presidential candidate Robert F. Kennedy, Jr voiced his support: 

In a testament to the extent to which the establishment recoils at the libertarian-minded Paul, mainstream media outlets -- which have been quick to report on other developments in the majority leader race -- pretended not to notice that Paul had signaled his interest in the job. More than 24 hours after Paul's test-the-waters tweet-fest began, not a single major outlet had brought it to the attention of their audience. 

That may be his strongest endorsement yet. 

Tyler Durden Sun, 03/10/2024 - 20:25

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The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While “Waiting” For Deporation, Asylum

The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While "Waiting" For Deporation, Asylum

Over the past several…

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The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While "Waiting" For Deporation, Asylum

Over the past several months we've pointed out that there has  been zero job creation for native-born workers since the summer of 2018...

... and that since Joe Biden was sworn into office, most of the post-pandemic job gains the administration continuously brags about have gone foreign-born (read immigrants, mostly illegal ones) workers.

And while the left might find this data almost as verboten as FBI crime statistics - as it directly supports the so-called "great replacement theory" we're not supposed to discuss - it also coincides with record numbers of illegal crossings into the United States under Biden.

In short, the Biden administration opened the floodgates, 10 million illegal immigrants poured into the country, and most of the post-pandemic "jobs recovery" went to foreign-born workers, of which illegal immigrants represent the largest chunk.

Asylum seekers from Venezuela await work permits on June 28, 2023 (via the Chicago Tribune)

'But Tyler, illegal immigrants can't possibly work in the United States whilst awaiting their asylum hearings,' one might hear from the peanut gallery. On the contrary: ever since Biden reversed a key aspect of Trump's labor policies, all illegal immigrants - even those awaiting deportation proceedings - have been given carte blanche to work while awaiting said proceedings for up to five years...

... something which even Elon Musk was shocked to learn.

Which leads us to another question: recall that the primary concern for the Biden admin for much of 2022 and 2023 was soaring prices, i.e., relentless inflation in general, and rising wages in particular, which in turn prompted even Goldman to admit two years ago that the diabolical wage-price spiral had been unleashed in the US (diabolical, because nothing absent a major economic shock, read recession or depression, can short-circuit it once it is in place).

Well, there is one other thing that can break the wage-price spiral loop: a flood of ultra-cheap illegal immigrant workers. But don't take our word for it: here is Fed Chair Jerome Powell himself during his February 60 Minutes interview:

PELLEY: Why was immigration important?

POWELL: Because, you know, immigrants come in, and they tend to work at a rate that is at or above that for non-immigrants. Immigrants who come to the country tend to be in the workforce at a slightly higher level than native Americans do. But that's largely because of the age difference. They tend to skew younger.

PELLEY: Why is immigration so important to the economy?

POWELL: Well, first of all, immigration policy is not the Fed's job. The immigration policy of the United States is really important and really much under discussion right now, and that's none of our business. We don't set immigration policy. We don't comment on it.

I will say, over time, though, the U.S. economy has benefited from immigration. And, frankly, just in the last, year a big part of the story of the labor market coming back into better balance is immigration returning to levels that were more typical of the pre-pandemic era.

PELLEY: The country needed the workers.

POWELL: It did. And so, that's what's been happening.

Translation: Immigrants work hard, and Americans are lazy. But much more importantly, since illegal immigrants will work for any pay, and since Biden's Department of Homeland Security, via its Citizenship and Immigration Services Agency, has made it so illegal immigrants can work in the US perfectly legally for up to 5 years (if not more), one can argue that the flood of illegals through the southern border has been the primary reason why inflation - or rather mostly wage inflation, that all too critical component of the wage-price spiral  - has moderated in in the past year, when the US labor market suddenly found itself flooded with millions of perfectly eligible workers, who just also happen to be illegal immigrants and thus have zero wage bargaining options.

None of this is to suggest that the relentless flood of immigrants into the US is not also driven by voting and census concerns - something Elon Musk has been pounding the table on in recent weeks, and has gone so far to call it "the biggest corruption of American democracy in the 21st century", but in retrospect, one can also argue that the only modest success the Biden admin has had in the past year - namely bringing inflation down from a torrid 9% annual rate to "only" 3% - has also been due to the millions of illegals he's imported into the country.

We would be remiss if we didn't also note that this so often carries catastrophic short-term consequences for the social fabric of the country (the Laken Riley fiasco being only the latest example), not to mention the far more dire long-term consequences for the future of the US - chief among them the trillions of dollars in debt the US will need to incur to pay for all those new illegal immigrants Democrat voters and low-paid workers. This is on top of the labor revolution that will kick in once AI leads to mass layoffs among high-paying, white-collar jobs, after which all those newly laid off native-born workers hoping to trade down to lower paying (if available) jobs will discover that hardened criminals from Honduras or Guatemala have already taken them, all thanks to Joe Biden.

Tyler Durden Sun, 03/10/2024 - 19:15

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