Morgan Stanley analyst Stephen Byrd maintains MGE Energy (NASDAQ:MGEE) with a Underweight and raises the price target from $67 to $68.
Around $1.1 Million Bet On Ring Energy? Check Out These 3 Penny Stocks Insiders Are Buying
U.S. crude oil futures traded higher this morning on Friday. 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.