Key Points
- Major shareholder Financial Lp Hrt bought 1,370,008 shares of WORK Medical Technology Group (NASDAQ:WOK) on June 4 at $0.10 per share, a $137,000.80 transaction. After the purchase, the insider reported owning 331,652 shares.
- Financial Lp Hrt has been actively trading the stock, including a recent buy of 54,529 shares on June 5 and prior large buys and sells in late May and early June. The filing highlights ongoing insider activity that must be disclosed to the SEC because the holder owns more than 10% of the company.
- Despite the insider buying, the stock has received a sell view from analysts, with Weiss Ratings reiterating a “sell (e+)” rating. The shares were trading around $0.10, near their 12-month low of $0.08.
WORK Medical Technology Group LTD (NASDAQ:WOK - Get Free Report) major shareholder Financial Lp Hrt purchased 1,370,008 shares of the business's stock in a transaction that occurred on Thursday, June 4th. The shares were purchased at an average price of $0.10 per share, for a total transaction of $137,000.80. Following the completion of the acquisition, the insider owned 331,652 shares of the company's stock, valued at $33,165.20. The trade was a -131.94% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Financial Lp Hrt also recently made the following trade(s):
- On Friday, June 5th, Financial Lp Hrt bought 54,529 shares of WORK Medical Technology Group stock. The shares were purchased at an average cost of $0.09 per share, for a total transaction of $4,907.61.
- On Tuesday, June 2nd, Financial Lp Hrt sold 1,757,955 shares of WORK Medical Technology Group stock. The stock was sold at an average price of $0.11, for a total value of $193,375.05.
- On Monday, June 1st, Financial Lp Hrt bought 2,746,332 shares of WORK Medical Technology Group stock. The stock was acquired at an average cost of $0.14 per share, with a total value of $384,486.48.
- 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 value of $261,960.70.
- On Thursday, May 28th, Financial Lp Hrt purchased 1,535,850 shares of WORK Medical Technology Group stock. The shares were acquired at an average cost of $0.09 per share, with a total value of $138,226.50.
WORK Medical Technology Group Trading Up 15.1%
Shares of WORK Medical Technology Group stock opened at $0.10 on Tuesday. The business's fifty day simple moving average is $1.05 and its 200 day simple moving average is $59.81. WORK Medical Technology Group LTD has a 12 month low of $0.08 and a 12 month high of $9,300.00.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of WORK Medical Technology Group in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of "Sell".
Get Our Latest Report on WOK
Institutional Investors Weigh In On WORK Medical Technology Group
An institutional investor recently bought a new position in WORK Medical Technology Group stock. Sabby Management LLC purchased a new position in shares of WORK Medical Technology Group LTD (NASDAQ:WOK - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,724,004 shares of the company's stock, valued at approximately $204,000. WORK Medical Technology Group comprises 0.2% of Sabby Management LLC's investment portfolio, making the stock its 18th largest holding. Sabby Management LLC owned 590.89% of WORK Medical Technology Group at the end of the most recent quarter.
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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