Financial Lp Hrt Sells 48,418 Shares of 707 Cayman (NASDAQ:JEM) Stock

707 Cayman Holdings Limited (NASDAQ:JEM) major shareholder Financial Lp Hrt sold 48,418 shares of the stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $0.60, for a total value of $29,050.80. Following the transaction, the insider owned 138,001 shares in the company, valued at $82,800.60. This represents a 25.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 Thursday, July 9th, Financial Lp Hrt acquired 125,911 shares of 707 Cayman stock. The stock was acquired at an average price of $1.07 per share, with a total value of $134,724.77.
• On Thursday, July 9th, Financial Lp Hrt bought 10,492 shares of 707 Cayman stock. The shares were acquired at an average price of $12.84 per share, for a total transaction of $134,717.28.
• On Friday, July 10th, Financial Lp Hrt sold 4,034 shares of 707 Cayman stock. The shares were sold at an average price of $7.20, for a total transaction of $29,044.80.
• On Wednesday, July 8th, Financial Lp Hrt sold 9,360 shares of 707 Cayman stock. The shares were sold at an average price of $13.56, for a total transaction of $126,921.60.
• On Tuesday, July 7th, Financial Lp Hrt purchased 11,439 shares of 707 Cayman stock. The stock was bought at an average cost of $16.32 per share, with a total value of $186,684.48.

707 Cayman Stock Performance

NASDAQ:JEM opened at $5.49 on Thursday. The company has a fifty day moving average of $20.81 and a two-hundred day moving average of $26.86. 707 Cayman Holdings Limited has a fifty-two week low of $4.50 and a fifty-two week high of $1,620.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of 707 Cayman from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On 707 Cayman

An institutional investor recently bought a new stake in 707 Cayman stock. Geode Capital Management LLC bought a new stake in 707 Cayman Holdings Limited (NASDAQ:JEM) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned about 0.06% of 707 Cayman as of its most recent SEC filing.

707 Cayman Company Profile

We are a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions to our customers spanning from Western Europe, North America to the Middle East. We were founded in 2021 and became wholly-owned by Mr. Cheung, executive director and chief executive officer, in May 2022 and have grown, in a short period of time, building relationships with a diverse range of customers. Our customers include mid-size brand owners and apparel companies that have comprehensive operations with private labels that are sold worldwide.