WORK Medical Technology Group (NASDAQ:WOK) Major Shareholder Acquires $384,486.48 in Stock

WORK Medical Technology Group LTD (NASDAQ:WOK) major shareholder Financial Lp Hrt bought 2,746,332 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was acquired at an average price of $0.14 per share, for a total transaction of $384,486.48. Following the completion of the transaction, the insider owned 351,959 shares in the company, valued at $49,274.26. This trade represents a -114.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more 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 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 value of $193,375.05.
• 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 value of $261,960.70.
• On Thursday, May 28th, Financial Lp Hrt bought 1,535,850 shares of WORK Medical Technology Group stock. The stock was acquired at an average price of $0.09 per share, for a total transaction of $138,226.50.

WORK Medical Technology Group Stock Performance

WOK opened at $0.09 on Friday. WORK Medical Technology Group LTD has a 12 month low of $0.08 and a 12 month high of $9,300.00. The stock’s 50 day moving average price is $1.07 and its 200 day moving average price is $62.78.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of WORK Medical Technology Group in a research report on Friday, May 1st. One research 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 WORK Medical Technology Group

A hedge fund recently bought a new stake in WORK Medical Technology Group stock. Sabby Management LLC acquired a new position in shares of WORK Medical Technology Group LTD (NASDAQ:WOK) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 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 portfolio, making the stock its 18th biggest holding. Sabby Management LLC owned 590.89% of WORK Medical Technology Group at the end of the most recent reporting period.

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.