The Dow Jones index closed higher by over 50 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.
U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 200 points on Thursday.
The Dow traded up 1.51% to 33,775.43 while the NASDAQ rose 1.71% to 13,284.72. The S&P 500 also rose, gaining, 1.77% to 4,312.70.