Penny Stocks That Insiders Are Loading Up On: 3 Names to Watch Closely

Company Insights - Monopar Therapeutics (MNPR) initiated its Phase 1 dosimetry clinical trial for its novel radiopharmaceutical imaging agent MNPR-101-Zr, with positive preclinical efficacy data showing potent anti-tumor activity [2] - The company's COO purchased approximately 36,000 shares, indicating insider confidence [2] - Petco Health and Wellness (WOOF) saw its director buy 750,000 shares at an average price of $3.14, totaling about $2.35 million, suggesting strong insider belief in the company's future [4] - WOOF's recent earnings report showed a loss of four cents, beating estimates, and revenue of $1.53 billion, which was better than expected despite a 1.7% year-over-year decline [5] - Aurora Innovation (AUR) received a significant investment of about $75 million from Uber Technologies, making Uber a major stakeholder and indicating confidence in AUR's potential [6] - AUR's relationship with Volvo, which recently unveiled an autonomous truck using AUR technology, positions the company favorably in the self-driving tech sector [6] Industry Trends - The pet industry is projected to grow from approximately $320 billion to $500 billion by 2030, driven by an increasing pet population and premiumization of products and services [4]