Best Penny Stocks To Trade #2: Aptinyx Inc.
Next, Aptinyx Inc. (APTX – Free Report) has managed to attract attention this week after a few updates came to light. First, the company reported that it would raise some $35.1 million at a price of $3 per share. Even at today’s price, that is a significant premium to the current market.
But what’s more, is that Form 4s were filed this week as well. If you’re not familiar with these types of forms is that they show insider trading actions. This could be buying, selling, options, etc.
From January 14 through the 16th, these filings show that Norbert Riedel, Henry Gosebruch, Patrick Enright, Robert Hombach, Adam Koppel, and even insiders like Adams Street Partners all picked up more shares.
Furthermore, FRAZIER LIFE SCIENCES VIII, L.P. submitted a filing showing its increased stake in the company. Amid all of these, shares have catapulted to highs of $4.62. That marked a move of more than 75% since mid-October.
