WORK Medical Technology Group (NASDAQ:WOK) Major Shareholder Sells $174,274.02 in Stock

WORK Medical Technology Group LTD (NASDAQ:WOK) major shareholder Financial Lp Hrt sold 2,904,567 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $0.06, for a total transaction of $174,274.02. Following the sale, the insider owned 391,456 shares in the company, valued at approximately $23,487.36. This represents a 88.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 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 Monday, June 15th, Financial Lp Hrt purchased 268,927 shares of WORK Medical Technology Group stock. The shares were purchased at an average price of $0.10 per share, for a total transaction of $26,892.70.
• On Friday, June 12th, Financial Lp Hrt purchased 48,108 shares of WORK Medical Technology Group stock. The shares were purchased at an average price of $0.08 per share, for a total transaction of $3,848.64.
• On Monday, June 8th, Financial Lp Hrt purchased 2,261,118 shares of WORK Medical Technology Group stock. The shares were purchased at an average price of $0.11 per share, for a total transaction of $248,722.98.
• On Friday, June 5th, Financial Lp Hrt purchased 54,529 shares of WORK Medical Technology Group stock. The shares were purchased at an average price of $0.09 per share, for a total transaction of $4,907.61.
• On Thursday, June 4th, Financial Lp Hrt acquired 1,370,008 shares of WORK Medical Technology Group stock. The shares were bought 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 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 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 acquired 1,535,850 shares of WORK Medical Technology Group stock. The shares were bought at an average cost of $0.09 per share, for a total transaction of $138,226.50.

WORK Medical Technology Group Stock Performance

WOK traded down $0.01 during midday trading on Wednesday, hitting $0.04. 41,098,854 shares of the company traded hands, compared to its average volume of 30,853,736. WORK Medical Technology Group LTD has a 52-week low of $0.04 and a 52-week high of $9,300.00. The business has a 50 day simple moving average of $0.92 and a two-hundred day simple moving average of $42.98.

WORK Medical Technology Group’s stock is going to reverse split on Thursday, June 18th. The 1-100 reverse split was announced on Tuesday, June 16th. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, June 17th.

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 bought a new position in shares of WORK Medical Technology Group LTD (NASDAQ:WOK) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,724,004 shares of the company’s stock, valued at approximately $204,000. WORK Medical Technology Group accounts for about 0.2% of Sabby Management LLC’s investment portfolio, making the stock its 18th largest holding. Sabby Management LLC owned approximately 590.89% of WORK Medical Technology Group at the end of the most recent quarter.

Analyst Ratings Changes

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

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.