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

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 that occurred on Tuesday, June 2nd. The shares were sold at an average price of $0.11, for a total transaction of $193,375.05. Following the transaction, the insider directly owned 351,959 shares of the company’s stock, valued at approximately $38,715.49. This represents a 83.32% 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 10% or more 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 Monday, June 1st, Financial Lp Hrt acquired 2,746,332 shares of WORK Medical Technology Group stock. The shares were purchased at an average cost of $0.14 per share, with a total value 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 purchased at an average cost of $0.09 per share, with a total value of $138,226.50.

WORK Medical Technology Group Stock Down 3.6%

Shares of NASDAQ:WOK opened at $0.10 on Friday. The company has a 50 day moving average of $1.09 and a 200 day moving average of $65.84. WORK Medical Technology Group LTD has a 12 month low of $0.09 and a 12 month high of $9,300.00.

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 WORK Medical Technology Group LTD (NASDAQ:WOK) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. 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 holdings, 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 reporting period.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of WORK Medical Technology Group in a research note on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, WORK Medical Technology Group has an average 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.