WORK Medical Technology Group (NASDAQ:WOK) Major Shareholder Financial Lp Hrt Purchases 268,927 Shares

WORK Medical Technology Group LTD (NASDAQ:WOKGet Free Report) major shareholder Financial Lp Hrt acquired 268,927 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were bought at an average price of $0.10 per share, for a total transaction of $26,892.70. Following the completion of the acquisition, the insider owned 3,296,023 shares in the company, valued at approximately $329,602.30. This trade represents a 8.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more 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 Tuesday, June 16th, Financial Lp Hrt sold 2,904,567 shares of WORK Medical Technology Group stock. The stock was sold at an average price of $0.06, for a total transaction of $174,274.02.
  • On Friday, June 12th, Financial Lp Hrt acquired 48,108 shares of WORK Medical Technology Group stock. The shares were bought at an average price of $0.08 per share, for a total transaction of $3,848.64.
  • On Monday, June 8th, Financial Lp Hrt bought 2,261,118 shares of WORK Medical Technology Group stock. The shares were acquired at an average cost of $0.11 per share, with a total value of $248,722.98.
  • On Friday, June 5th, Financial Lp Hrt bought 54,529 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 $4,907.61.
  • On Thursday, June 4th, Financial Lp Hrt bought 1,370,008 shares of WORK Medical Technology Group stock. The shares were acquired at an average cost of $0.10 per share, with a total value of $137,000.80.
  • On Tuesday, June 2nd, Financial Lp Hrt sold 1,757,955 shares of WORK Medical Technology Group stock. The stock was sold at an average price of $0.11, for a total transaction of $193,375.05.
  • On Monday, June 1st, Financial Lp Hrt bought 2,746,332 shares of WORK Medical Technology Group stock. The shares were acquired 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 stock was 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 stock was purchased at an average cost of $0.09 per share, with a total value of $138,226.50.

WORK Medical Technology Group Stock Down 14.8%

NASDAQ:WOK traded down $0.01 during trading hours on Wednesday, hitting $0.04. The stock had a trading volume of 41,098,854 shares, compared to its average volume of 30,853,736. WORK Medical Technology Group LTD has a 1-year low of $0.04 and a 1-year high of $9,300.00. The business has a 50 day simple moving average of $0.92 and a two-hundred day simple moving average of $42.98.

WORK Medical Technology Group’s stock is set to reverse split before the market opens on Thursday, June 18th. The 1-100 reverse split was announced on Tuesday, June 16th. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, June 17th.

Institutional Trading of WORK Medical Technology Group

A hedge fund recently bought a new stake in WORK Medical Technology Group stock. Sabby Management LLC purchased a new position in shares of WORK Medical Technology Group LTD (NASDAQ:WOKFree Report) in the third 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 approximately 0.2% of Sabby Management LLC’s holdings, making the stock its 18th biggest 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).

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed 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 data from MarketBeat.com, WORK Medical Technology Group presently has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on WOK

About WORK Medical Technology Group

(Get Free Report)

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.

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