707 Cayman (NASDAQ:JEM) Major Shareholder Sells 48,418 Shares

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

707 Cayman Stock Down 7.0%

Shares of NASDAQ JEM opened at $0.50 on Tuesday. The firm’s 50-day moving average price is $1.77 and its 200-day moving average price is $2.28. 707 Cayman Holdings Limited has a 52-week low of $0.38 and a 52-week high of $135.00.

Institutional Trading of 707 Cayman

An institutional investor recently bought a new stake in 707 Cayman stock. Geode Capital Management LLC acquired a new position in 707 Cayman Holdings Limited (NASDAQ:JEM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned 0.06% of 707 Cayman as of its most recent SEC filing.

Wall Street Analyst Weigh In

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

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.