The Dow Jones closed lower by more than 300 points 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.
As of Thursday, the ARK Innovation ETF (ARCA: ARKK) held 31 stocks. But there's only one name in the entire basket that appeals to Jay Woods, chief market strategist at Drive Wealth and NYSE executive floor director.
Bed Bath & Beyond Inc (NASDAQ: BBBY) shares have seen increased volatility in 2023 on the heels of an announcement that it was exploring strategic alternatives, including potential bankruptcy.