WORK Medical Technology Group (NASDAQ:WOK) Major Shareholder Financial Lp Hrt Sells 1,757,955 Shares

WORK Medical Technology Group LTD (NASDAQ:WOK) major shareholder Financial Lp Hrt sold 1,757,955 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $0.11, for a total value of $193,375.05. Following the completion of the transaction, the insider directly owned 351,959 shares of the company’s stock, valued at approximately $38,715.49. This trade represents a 83.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 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 Monday, June 1st, Financial Lp Hrt acquired 2,746,332 shares of WORK Medical Technology Group stock. The shares were bought 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 value of $261,960.70.
• On Thursday, May 28th, Financial Lp Hrt bought 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

NASDAQ:WOK opened at $0.11 on Thursday. WORK Medical Technology Group LTD has a 12-month low of $0.09 and a 12-month high of $9,300.00. The company’s 50-day moving average is $1.11 and its two-hundred day moving average is $68.92.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of WORK Medical Technology Group in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Hedge Funds 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) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,724,004 shares of the company’s stock, valued at approximately $204,000. WORK Medical Technology Group makes up approximately 0.2% of Sabby Management LLC’s portfolio, making the stock its 18th largest position. Sabby Management LLC owned approximately 590.89% of WORK Medical Technology Group at the end of the most recent reporting period.

WORK Medical Technology Group Company Profile

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.