5 Penny Stocks with Insider Buying

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1. Summit Therapeutics Inc. (NASDAQ:SMMT)

Total Value of Insider Purchases: ~$419 million

Number of Hedge Fund Investors in Q4 2022: 8

Summit Therapeutics Inc. (NASDAQ:SMMT) is a biotechnology firm headquartered in Cambridge, Massachusetts. The firm develops treatments for infectious diseases.

Summit Therapeutics Inc. (NASDAQ:SMMT)’s Mr. Robert Duggan bought a massive 376 million shares of the company for a whopping $395 million in March 2023. A couple of days later its co-CEO bought a $16.7 million stake. As of December 2022, eight of the 943 hedge funds surveyed by Insider Monkey had owned a stake in the firm.

Follow Summit Therapeutics Inc. (NASDAQ:SMMT)

Disclosure: None. You can also take a look at 25 Strongest Countries in Europe by Military Power and 10 Best Stocks to Buy for Investment.

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