Insider Selling: WORK Medical Technology Group (NASDAQ:WOK) Major Shareholder Sells $528,893.55 in Stock

WORK Medical Technology Group LTD (NASDAQ:WOK) major shareholder Financial Lp Hrt sold 136,665 shares of WORK Medical Technology Group stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $3.87, for a total transaction of $528,893.55. Following the transaction, the insider directly owned 123,944 shares in the company, valued at $479,663.28. This trade represents a 52.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Wednesday, June 17th, Financial Lp Hrt purchased 880,456 shares of WORK Medical Technology Group stock. The shares were purchased at an average price of $0.05 per share, with a total value of $44,022.80.
• On Tuesday, June 16th, Financial Lp Hrt sold 29,045 shares of WORK Medical Technology Group stock. The shares were sold at an average price of $6.00, for a total transaction of $174,270.00.
• On Monday, June 15th, Financial Lp Hrt acquired 2,689 shares of WORK Medical Technology Group stock. The stock was acquired at an average price of $10.00 per share, for a total transaction of $26,890.00.
• On Friday, June 12th, Financial Lp Hrt acquired 481 shares of WORK Medical Technology Group stock. The stock was acquired at an average price of $8.00 per share, with a total value of $3,848.00.
• On Monday, June 8th, Financial Lp Hrt bought 22,611 shares of WORK Medical Technology Group stock. The shares were acquired at an average cost of $11.00 per share, with a total value of $248,721.00.
• On Friday, June 5th, Financial Lp Hrt bought 545 shares of WORK Medical Technology Group stock. The shares were acquired at an average cost of $9.00 per share, with a total value of $4,905.00.
• On Thursday, June 4th, Financial Lp Hrt bought 13,700 shares of WORK Medical Technology Group stock. The stock was acquired at an average price of $10.00 per share, for a total transaction of $137,000.00.
• On Tuesday, June 2nd, Financial Lp Hrt sold 17,579 shares of WORK Medical Technology Group stock. The shares were sold at an average price of $11.00, for a total value of $193,369.00.
• On Monday, June 1st, Financial Lp Hrt purchased 27,463 shares of WORK Medical Technology Group stock. The stock was acquired at an average cost of $14.00 per share, for a total transaction of $384,482.00.
• On Friday, May 29th, Financial Lp Hrt sold 26,196 shares of WORK Medical Technology Group stock. The stock was sold at an average price of $10.00, for a total value of $261,960.00.

WORK Medical Technology Group Stock Down 14.1%

Shares of NASDAQ:WOK traded down $0.43 during midday trading on Tuesday, reaching $2.62. 414,657 shares of the company’s stock were exchanged, compared to its average volume of 403,286. The firm’s 50 day simple moving average is $82.65 and its two-hundred day simple moving average is $2,878.97. WORK Medical Technology Group LTD has a fifty-two week low of $1.78 and a fifty-two week high of $930,000.00.

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 analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On WORK Medical Technology Group

A hedge fund recently bought a new position in WORK Medical Technology Group stock. Sabby Management LLC bought a new stake in shares of WORK Medical Technology Group LTD (NASDAQ:WOK) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,724,004 shares of the company’s stock, valued at approximately $204,000. WORK Medical Technology Group accounts for 0.2% of Sabby Management LLC’s portfolio, making the stock its 18th biggest position. Sabby Management LLC owned 590.89% of WORK Medical Technology Group at the end of the most recent quarter.

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.