Published on 9 Mar 2023 on Insider Monkey via Yahoo Finance

10 Penny Stocks with Insider Buying

In this piece, we will take a look at ten penny stocks with insider buying. For more penny stocks, head on over to 5 Penny Stocks with Insider Buying.

With the first quarter of 2023 coming to an end, the stock market continues to be in a topsy-turvy environment. 2023 was off to a strong start with major markets such as the New York Stock Exchange (NYSE) and the NASDAQ Composite posting double digit returns after taking months of beatings in 2022 due to rising inflation and interest rates. However, the glory of 2023 was put to a screeching halt by the chairman of the Federal Reserve's Monetary Policy Committee (MPC) Mr. Jerome Powell as he took the stand in Congress as part of his semiannual monetary policy report. Chairman Powell, who has been forced to take an aggressive approach towards interest rates as part of his institution's battle against inflation, had signaled earlier that the Fed might take the foot off the pedal and reduce the pace of its interest rate hikes to 25 basis points (o.25%) since inflation appeared to be cooling down.