Financial Lp Hrt Sells 2,619,607 Shares of WORK Medical Technology Group (NASDAQ:WOK) Stock

WORK Medical Technology Group LTD (NASDAQ:WOK) major shareholder Financial Lp Hrt sold 2,619,607 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $0.10, for a total transaction of $261,960.70. Following the transaction, the insider directly owned 225,234 shares of the company’s stock, valued at $22,523.40. This represents a 92.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, May 28th, Financial Lp Hrt bought 1,535,850 shares of WORK Medical Technology Group stock. The shares were acquired at an average cost of $0.09 per share, with a total value of $138,226.50.

WORK Medical Technology Group Stock Down 4.6%

Shares of NASDAQ WOK opened at $0.10 on Wednesday. WORK Medical Technology Group LTD has a fifty-two week low of $0.09 and a fifty-two week high of $9,300.00. The company has a 50 day simple moving average of $1.15 and a two-hundred day simple moving average of $74.44.

Wall Street Analysts Forecast Growth

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

Institutional Investors 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 stake in shares of WORK Medical Technology Group LTD (NASDAQ:WOK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,724,004 shares of the company’s stock, valued at approximately $204,000. WORK Medical Technology Group makes up about 0.2% of Sabby Management LLC’s portfolio, making the stock its 18th largest holding. Sabby Management LLC owned approximately 590.89% of WORK Medical Technology Group as of its most recent filing with the Securities and Exchange Commission (SEC).

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.