Insider Trading Activities in Penny Stocks: A Closer Look at Clearwire, Level 3 Communications, Bank of America, and More

As the number of penny stocks listed in the OTC and OTCBB continues to grow, investors are increasingly turning to insider trading activities as a way to identify potential winners. With over 9,000 penny stocks to choose from, it's no wonder that investors are looking for any edge they can get. Insiders, who have access to top company secrets, are often seen as having a unique understanding of a company's prospects. Pennystocksinsiders.com has issued equity research reports for several top traded penny stocks, including Clearwire, Level 3 Communications, Bank of America, and more.

Key Takeaways:

• Clearwire Corporation (NASDAQ:CLWR) saw insiders acquiring stock shares prior to investors cheering the company's revenue projection for the third quarter, with a net gain of 1.9 million wholesale subscribers expected.
• Level 3 Communications, Inc. (NASDAQ:LVLT) has seen its value drop by 40% from its 52-week high of $2.67, with company insiders group selling shares last week amidst plans to reduce its workforce by the "hundreds."
• Bank of America Corp (NYSE:BAC) beat estimates last quarter after falling short in the prior two, with analysts predicting $25.84 billion in revenue this quarter, a decline of 3.2% from the year ago quarter, while insiders group sold their shares last week.
• Broadcom Corporation (NASDAQ:BRCM) and Evergreen Energy Inc. (NYSE:EEE) also saw insider trading activities, with reports highlighting potential opportunities in these stocks.
• Jabil Circuit, Inc. (NYSE:JBL) also had insider trading activity, with reports suggesting the company's financial health.

Statistics:

• Clearwire Corporation (NASDAQ:CLWR) has a publicly traded float of 442.87 million shares with a total market cap of $3.53 billion.
• Level 3 Communications, Inc. (NASDAQ:LVLT) has a publicly traded float of 186.37 million shares with a total market cap of $4.62 billion.
• Bank of America Corp (NYSE:BAC) has a publicly traded float of 10.65 billion shares with a total market cap of $154.24 billion.
• Broadcom Corporation (NASDAQ:BRCM) has a publicly traded float of 283.60 million shares with a total market cap of $22.42 billion.
• Evergreen Energy Inc. (NYSE:EEE) has a publicly traded float of 44.68 million shares with a total market cap of $78.57 million.
• Jabil Circuit, Inc. (NYSE:JBL) has a publicly traded float of 101.56 million shares with a total market cap of $3.31 billion.

Sources:

• Pennystocksinsiders.com (PSI) - www.pennystocksinsiders.com
• U.S. Securities and Exchange Commission - sec.gov
• NASDAQ - nasdaq.com
• NYSE - nyse.com
• OTCBB - otcbb.com