Financial Lp Hrt Buys 2,746,332 Shares of WORK Medical Technology Group (NASDAQ:WOK) Stock

WORK Medical Technology Group LTD (NASDAQ:WOK) major shareholder Financial Lp Hrt bought 2,746,332 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average cost of $0.14 per share, for a total transaction of $384,486.48. Following the completion of the transaction, the insider directly owned 351,959 shares of the company’s stock, valued at approximately $49,274.26. The trade was a -114.70% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 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 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 bought 1,535,850 shares of WORK Medical Technology Group stock. The stock was bought at an average cost of $0.09 per share, for a total transaction of $138,226.50.

WORK Medical Technology Group Price Performance

WOK opened at $0.10 on Friday. The company’s 50 day simple moving average is $1.09 and its 200 day simple moving average is $65.84. WORK Medical Technology Group LTD has a 1 year low of $0.09 and a 1 year high of $9,300.00.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in WORK Medical Technology Group stock. Sabby Management LLC purchased a new stake in shares of WORK Medical Technology Group LTD (NASDAQ:WOK) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 largest holding. Sabby Management LLC owned about 590.89% of WORK Medical Technology Group at the end of the most recent reporting period.

About WORK Medical Technology Group

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.