WORK Medical Technology Group (NASDAQ:WOK) Major Shareholder Financial Lp Hrt Sells 1,757,955 Shares

WORK Medical Technology Group LTD (NASDAQ:WOK) major shareholder Financial Lp Hrt sold 1,757,955 shares of WORK Medical Technology Group stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $0.11, for a total value of $193,375.05. Following the sale, the insider directly owned 351,959 shares in the company, valued at $38,715.49. The trade was a 83.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large 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 Monday, June 1st, Financial Lp Hrt acquired 2,746,332 shares of WORK Medical Technology Group stock. The shares were purchased 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 stock was sold at an average price of $0.10, for a total value of $261,960.70.
• On Thursday, May 28th, Financial Lp Hrt acquired 1,535,850 shares of WORK Medical Technology Group stock. The shares were purchased at an average cost of $0.09 per share, for a total transaction of $138,226.50.

WORK Medical Technology Group Price Performance

Shares of NASDAQ:WOK traded up $0.01 during trading on Wednesday, hitting $0.11. 168,025,610 shares of the stock were exchanged, compared to its average volume of 22,130,434. WORK Medical Technology Group LTD has a 1-year low of $0.09 and a 1-year high of $9,300.00. The company’s fifty day simple moving average is $1.15 and its 200-day simple moving average is $74.44.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of WORK Medical Technology Group in a report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, WORK Medical Technology Group currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On WORK Medical Technology Group

A hedge fund recently bought a new stake in WORK Medical Technology Group stock. Sabby Management LLC bought a new position in shares of WORK Medical Technology Group LTD (NASDAQ:WOK) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,724,004 shares of the company’s stock, valued at approximately $204,000. WORK Medical Technology Group accounts for approximately 0.2% of Sabby Management LLC’s holdings, making the stock its 18th biggest position. Sabby Management LLC owned 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.