Insider Buying: 707 Cayman (NASDAQ:JEM) Major Shareholder Acquires $134,724.77 in Stock

707 Cayman Holdings Limited (NASDAQ:JEM) major shareholder Financial Lp Hrt purchased 125,911 shares of the firm’s stock in a transaction dated Thursday, July 9th. The stock was purchased at an average cost of $1.07 per share, with a total value of $134,724.77. Following the acquisition, the insider directly owned 186,419 shares in the company, valued at $199,468.33. This trade represents a 208.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major 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 Friday, July 10th, Financial Lp Hrt sold 48,418 shares of 707 Cayman stock. The stock was sold at an average price of $0.60, for a total value of $29,050.80.
• On Wednesday, July 8th, Financial Lp Hrt sold 112,322 shares of 707 Cayman stock. The stock was sold at an average price of $1.13, for a total value of $126,923.86.
• On Tuesday, July 7th, Financial Lp Hrt bought 137,268 shares of 707 Cayman stock. The stock was acquired at an average cost of $1.36 per share, with a total value of $186,684.48.

707 Cayman Stock Down 7.0%

NASDAQ:JEM traded down $0.04 on Monday, reaching $0.50. The company’s stock had a trading volume of 17,386,361 shares, compared to its average volume of 2,565,422. 707 Cayman Holdings Limited has a 1-year low of $0.38 and a 1-year high of $135.00. The business’s 50-day moving average price is $1.78 and its two-hundred day moving average price is $2.31.

707 Cayman shares are set to reverse split on the morning of Tuesday, July 14th. The 1-12 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, July 13th.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

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 equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

About 707 Cayman

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.