WORK Medical Technology Group (NASDAQ:WOK) Major Shareholder Purchases $248,722.98 in Stock

WORK Medical Technology Group LTD (NASDAQ:WOK) major shareholder Financial Lp Hrt bought 2,261,118 shares of the stock in a transaction on Monday, June 8th. The shares were acquired at an average cost of $0.11 per share, for a total transaction of $248,722.98. Following the acquisition, the insider directly owned 2,647,299 shares in the company, valued at approximately $291,202.89. This trade represents a 585.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 Friday, June 5th, Financial Lp Hrt bought 54,529 shares of WORK Medical Technology Group stock. The shares were acquired at an average cost of $0.09 per share, for a total transaction of $4,907.61.
• On Thursday, June 4th, Financial Lp Hrt bought 1,370,008 shares of WORK Medical Technology Group stock. The shares were acquired at an average cost of $0.10 per share, for a total transaction of $137,000.80.
• On Tuesday, June 2nd, Financial Lp Hrt sold 1,757,955 shares of WORK Medical Technology Group stock. The shares were sold at an average price of $0.11, for a total transaction of $193,375.05.
• On Monday, June 1st, Financial Lp Hrt bought 2,746,332 shares of WORK Medical Technology Group stock. The shares were acquired 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 shares were sold at an average price of $0.10, for a total transaction of $261,960.70.
• On Thursday, May 28th, Financial Lp Hrt bought 1,535,850 shares of WORK Medical Technology Group stock. The shares were acquired at an average cost of $0.09 per share, for a total transaction of $138,226.50.

WORK Medical Technology Group Trading Up 0.4%

WOK stock traded up $0.00 during midday trading on Tuesday, reaching $0.10. 230,400,571 shares of the company’s stock traded hands, compared to its average volume of 27,822,947. The company has a 50-day moving average price of $1.05 and a two-hundred day moving average price of $59.81. WORK Medical Technology Group LTD has a 52 week low of $0.08 and a 52 week high of $9,300.00.

Hedge Funds Weigh In On WORK Medical Technology Group

A hedge fund recently bought a new stake in WORK Medical Technology Group stock. Sabby Management LLC bought a new position in shares of WORK Medical Technology Group LTD (NASDAQ:WOK) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 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 holdings, making the stock its 18th biggest position. Sabby Management LLC owned about 590.89% of WORK Medical Technology Group as of its most recent filing with the Securities & Exchange Commission.

Analyst Upgrades and Downgrades

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

About WORK Medical Technology Group

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.