Key Points
- WORK Medical Technology Group major shareholder Financial Lp Hrt bought 2,746,332 shares at an average price of $0.14, a transaction worth about $384,486.
- The same insider also made several recent trades, including selling 1,757,955 shares on June 2 and 2,619,607 shares on May 29, while buying 1,535,850 shares on May 28, showing heavy trading activity in the stock.
- The stock was up about 3% and opened at $0.11, while analysts tracked by MarketBeat currently show an average Sell rating on WOK.
WORK Medical Technology Group LTD (NASDAQ:WOK - Get Free Report) major shareholder Financial Lp Hrt sold 1,757,955 shares of the firm's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $0.11, for a total transaction of $193,375.05. Following the sale, the insider directly owned 351,959 shares of the company's stock, valued at approximately $38,715.49. The trade was a 83.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Financial Lp Hrt also recently made the following trade(s):
- On Monday, June 1st, Financial Lp Hrt purchased 2,746,332 shares of WORK Medical Technology Group stock. The shares were purchased at an average cost of $0.14 per share, for a total transaction of $384,486.48.
- On Friday, May 29th, Financial Lp Hrt sold 2,619,607 shares of WORK Medical Technology Group stock. The stock was sold at an average price of $0.10, for a total transaction of $261,960.70.
- On Thursday, May 28th, Financial Lp Hrt acquired 1,535,850 shares of WORK Medical Technology Group stock. The stock was purchased at an average cost of $0.09 per share, with a total value of $138,226.50.
WORK Medical Technology Group Stock Performance
Shares of WORK Medical Technology Group stock opened at $0.11 on Thursday. WORK Medical Technology Group LTD has a 1-year low of $0.09 and a 1-year high of $9,300.00. The business has a 50-day moving average of $1.11 and a 200-day moving average of $68.92.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a "sell (e+)" rating on shares of WORK Medical Technology Group in a research note on Friday, May 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, WORK Medical Technology Group presently has an average rating of "Sell".
Get Our Latest Analysis on WORK Medical Technology Group
Institutional Inflows and Outflows
An institutional investor recently bought a new position in WORK Medical Technology Group stock. Sabby Management LLC acquired a new position in shares of WORK Medical Technology Group LTD (NASDAQ:WOK - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,724,004 shares of the company's stock, valued at approximately $204,000. WORK Medical Technology Group makes up 0.2% of Sabby Management LLC's portfolio, making the stock its 18th largest holding. Sabby Management LLC owned about 590.89% of WORK Medical Technology Group at the end of the most recent quarter.
WORK Medical Technology Group Company Profile
(
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
