Retail Investors Keep Buying as Insiders Keep Selling
Addison Wiggin / June 18, 2025

Thanks to inflation, a penny stock today is considered any stock trading under $5 per share. That’s also the price where institutional investors are cut off from owning a stock – it’s just too low a price and it’s too easy for big money to buy shares.
But that isn’t stopping retail investors from buying sub-$5 stocks – and now, true penny stocks trading under $1.00.
Today, a whopping 47% of all market volume is in sub-$1 stocks:
As mentioned in this morning’s Swan Dive, Regencell Bioscience started the year as a penny stock, trading as low as $0.09, split-adjusted.
It’s now been the best market performer year-to-date – even without any positive corporate developments to point out – just pure retail buying. (We also strongly urged you not to buy the stock.)
In the meantime, company insiders are now picking up the pace of their sales:
Of course, insiders have many reasons to sell, from putting a kid through college, paying for a messy divorce – or just the good old-fashioned opinion that their shares are overvalued.
These two trends suggest that retail investors are getting ebullient, while the insiders who know their company’s value inside and out are hitting the cash register.
~ Addison
Good News for Stocks50-year Wall Street veteran, Marc Chaikin is stepping forward to share why history gives him 90% historical confidence that stocks will end 2025 up. However, he also has bad news: the same data also tells him the REAL market crash will likely arrive in 2026. Click here to see the month and day he estimates it will begin. |
P.S.: Looking for small-cap companies that are driven by fundamentals and not just retail sentiment?
Consider joining our Portfolio Director Andrew Packer at the Rule Investment Symposium in Boca Raton on July 7-11, 2025. Click here to attend and meet your future cutting-edge resource investments face-to-face.
And for paid-up members: Be sure to join us for Grey Swan Live! tomorrow, June 19, 2025. It’ll be Juneteenth, and we’ll be discussing international investing, value investing, and how to find massive stock winners over time with Chris Mayer. Chris is always a good conversation.
As always, your reader feedback is welcome: feedback@greyswanfraternity.