Financial Lp Hrt Acquires 2,261,118 Shares of WORK Medical Technology Group (NASDAQ:WOK) Stock

WORK Medical Technology Group LTD (NASDAQ:WOK) major shareholder Financial Lp Hrt purchased 2,261,118 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were bought at an average cost of $0.11 per share, for a total transaction of $248,722.98. Following the completion of the purchase, the insider directly owned 2,647,299 shares of the company’s stock, valued at $291,202.89. The trade was a 585.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 Friday, June 5th, Financial Lp Hrt purchased 54,529 shares of WORK Medical Technology Group stock. The shares were bought at an average cost of $0.09 per share, for a total transaction of $4,907.61.
• On Thursday, June 4th, Financial Lp Hrt purchased 1,370,008 shares of WORK Medical Technology Group stock. The shares were bought at an average cost of $0.10 per share, for a total transaction of $137,000.80.
• On Tuesday, June 2nd, Financial Lp Hrt sold 1,757,955 shares of WORK Medical Technology Group stock. The shares were sold at an average price of $0.11, for a total transaction of $193,375.05.
• On Monday, June 1st, Financial Lp Hrt purchased 2,746,332 shares of WORK Medical Technology Group stock. The shares were bought at an average cost of $0.14 per share, for a total transaction of $384,486.48.
• On Friday, May 29th, Financial Lp Hrt sold 2,619,607 shares of WORK Medical Technology Group stock. The shares were sold at an average price of $0.10, for a total transaction of $261,960.70.
• On Thursday, May 28th, Financial Lp Hrt purchased 1,535,850 shares of WORK Medical Technology Group stock. The shares were 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 Thursday. WORK Medical Technology Group LTD has a one year low of $0.08 and a one year high of $9,300.00. The company’s 50 day simple moving average is $1.00 and its 200-day simple moving average is $54.26.

Hedge Funds Weigh In On WORK Medical Technology Group

An institutional investor recently bought a new position in WORK Medical Technology Group stock. Sabby Management LLC acquired a new stake in WORK Medical Technology Group LTD (NASDAQ:WOK) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,724,004 shares of the company’s stock, valued at approximately $204,000. WORK Medical Technology Group accounts for 0.2% of Sabby Management LLC’s holdings, making the stock its 18th largest holding. Sabby Management LLC owned approximately 590.89% of WORK Medical Technology Group as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of WORK Medical Technology Group in a report on Friday, May 1st. 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”.

WORK Medical Technology Group Company Profile

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.