The Dow Jones closed higher by over 100 points on Tuesday. Investors, meanwhile, focused on some notable insider trades.
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.
The CNN Money Fear and Greed index showed an improvement in overall market sentiment following the release of US CPI data.
US stocks closed higher on Tuesday following release of lower-than-expected data on inflation.
Wharton Professor of Finance Jeremy Siegel has been pounding the table on inflation over the past few months, urging the Fed to abandon lagging indicators. That didn't stop Tuesday when he called the inflation print
Moderna, Inc (NASDAQ: MRNA) gapped up 13% to start the trading day on Tuesday and was skyrocketing an additional 12% intraday after announcing that its Merck & Co, Inc (NYSE: MRK) partnered cancer
Pinterest Inc (NYSE: PINS) shares are rising Tuesday and if Piper Sandler is right about the idea discovery platform, the stock should continue to see more buyers than sellers into 2023.