707 Cayman (NASDAQ:JEM) Major Shareholder Financial Lp Hrt Sells 48,418 Shares of Stock

707 Cayman Holdings Limited (NASDAQ:JEM) major shareholder Financial Lp Hrt sold 48,418 shares of the stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $0.60, for a total transaction of $29,050.80. Following the sale, the insider owned 138,001 shares of the company’s stock, valued at $82,800.60. This trade represents a 25.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own more than 10% 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 Wednesday, July 8th, Financial Lp Hrt sold 112,322 shares of 707 Cayman stock. The shares were sold at an average price of $1.13, for a total value of $126,923.86.
• On Tuesday, July 7th, Financial Lp Hrt acquired 137,268 shares of 707 Cayman stock. The shares were bought at an average cost of $1.36 per share, with a total value of $186,684.48.

707 Cayman Trading Down 18.9%

Shares of JEM stock traded down $0.10 during midday trading on Monday, hitting $0.44. The company had a trading volume of 2,936,935 shares, compared to its average volume of 2,505,424. The company’s 50 day simple moving average is $1.78 and its 200 day simple moving average is $2.31. 707 Cayman Holdings Limited has a 52-week low of $0.38 and a 52-week high of $135.00.

Shares of 707 Cayman are going to reverse split before the market opens on Tuesday, July 14th. The 1-12 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, July 13th.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in 707 Cayman stock. Geode Capital Management LLC purchased a new position in shares of 707 Cayman Holdings Limited (NASDAQ:JEM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned approximately 0.06% of 707 Cayman at the end of the most recent reporting period.

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.