Key Points
- Major shareholder Financial Lp Hrt sold 48,418 shares of 707 Cayman on July 10 at an average price of $0.60, a transaction worth about $29,050.80. After the sale, the insider still held 138,001 shares.
- The filing shows frequent insider trading activity by Financial Lp Hrt over several days, including both purchases and sales at widely varying prices. This suggests active position management rather than a one-time move.
- 707 Cayman has also seen new institutional buying, with Geode Capital Management LLC opening a stake of 13,807 shares valued at roughly $72,000. Meanwhile, Weiss Ratings recently downgraded the stock slightly, and the consensus analyst view remains Sell.
707 Cayman Holdings Limited (NASDAQ:JEM - Get Free Report) major shareholder Financial Lp Hrt sold 48,418 shares of the company's stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $0.60, for a total transaction of $29,050.80. Following the transaction, the insider directly owned 138,001 shares in the company, valued at $82,800.60. The trade was a 25.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Financial Lp Hrt also recently made the following trade(s):
- On Thursday, July 9th, Financial Lp Hrt purchased 125,911 shares of 707 Cayman stock. The stock was acquired at an average price of $1.07 per share, with a total value of $134,724.77.
- On Thursday, July 9th, Financial Lp Hrt purchased 10,492 shares of 707 Cayman stock. The stock was acquired at an average price of $12.84 per share, with a total value of $134,717.28.
- On Friday, July 10th, Financial Lp Hrt sold 4,034 shares of 707 Cayman stock. The stock was sold at an average price of $7.20, for a total value of $29,044.80.
- On Wednesday, July 8th, Financial Lp Hrt sold 9,360 shares of 707 Cayman stock. The shares were sold at an average price of $13.56, for a total value of $126,921.60.
- On Tuesday, July 7th, Financial Lp Hrt bought 11,439 shares of 707 Cayman stock. The stock was acquired at an average price of $16.32 per share, with a total value of $186,684.48.
707 Cayman Trading Up 0.2%
707 Cayman stock opened at $6.05 on Wednesday. The stock has a fifty day moving average price of $21.03 and a 200 day moving average price of $27.14. 707 Cayman Holdings Limited has a 52 week low of $4.50 and a 52 week high of $1,620.00.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in 707 Cayman stock. Geode Capital Management LLC bought a new stake in 707 Cayman Holdings Limited (NASDAQ:JEM - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 13,807 shares of the company's stock, valued at approximately $72,000. Geode Capital Management LLC owned about 0.06% of 707 Cayman at the end of the most recent quarter.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded shares of 707 Cayman from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Sell".
Get Our Latest Analysis on JEM
About 707 Cayman
(
Get Free Report)
We are a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions to our customers spanning from Western Europe, North America to the Middle East. We were founded in 2021 and became wholly-owned by Mr. Cheung, executive director and chief executive officer, in May 2022 and have grown, in a short period of time, building relationships with a diverse range of customers. Our customers include mid-size brand owners and apparel companies that have comprehensive operations with private labels that are sold worldwide.
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