Key Points
- Financial Lp Hrt bought 1,535,850 shares of WORK Medical Technology Group on May 28 at an average price of $0.09 per share, a transaction worth about $138,226.50.
- The same insider also sold 2,619,607 shares the next day at an average price of $0.10, indicating heavy recent trading activity in the stock.
- WORK Medical Technology Group shares were up 15.5% to $0.11, while the stock continues to carry a consensus “Sell” rating from analysts and recent bearish commentary from Weiss Ratings.
WORK Medical Technology Group LTD (NASDAQ:WOK - Get Free Report) major shareholder Financial Lp Hrt acquired 1,535,850 shares of the business's stock in a transaction dated Thursday, May 28th. The shares were bought at an average cost of $0.09 per share, with a total value of $138,226.50. Following the transaction, the insider directly owned 225,234 shares of the company's stock, valued at $20,271.06. The trade was a -117.19% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Financial Lp Hrt also recently made the following trade(s):
- On Friday, May 29th, Financial Lp Hrt sold 2,619,607 shares of WORK Medical Technology Group stock. The shares were sold at an average price of $0.10, for a total transaction of $261,960.70.
WORK Medical Technology Group Stock Up 15.5%
Shares of WOK opened at $0.11 on Tuesday. The company has a 50-day simple moving average of $1.15 and a 200-day simple moving average of $74.44. WORK Medical Technology Group LTD has a 52 week low of $0.09 and a 52 week high of $9,300.00.
Institutional Trading of WORK Medical Technology Group
A hedge fund recently bought a new stake in WORK Medical Technology Group stock. Sabby Management LLC purchased a new stake in shares of WORK Medical Technology Group LTD (NASDAQ:WOK - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,724,004 shares of the company's stock, valued at approximately $204,000. WORK Medical Technology Group comprises about 0.2% of Sabby Management LLC's investment portfolio, making the stock its 18th biggest holding. Sabby Management LLC owned about 590.89% of WORK Medical Technology Group at the end of the most recent quarter.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of WORK Medical Technology Group in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, WORK Medical Technology Group presently has a consensus rating of "Sell".
Read Our Latest Stock Analysis on WOK
About WORK Medical Technology Group
(
Get Free Report)
WORK Medical Technology Group Ltd. engages in developing health instruments. It manufactures and sells medical devices, including endotracheal tubes, laryngeal mask airways, heat and moisture exchanging filters, disposable breathing circuits, nebulizer kits, and yankauer suction sets. The company was founded on March 1, 2022 and is headquartered in Hangzhou, China.
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