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

WORK Medical Technology Group LTD (NASDAQ:WOK) major shareholder Financial Lp Hrt acquired 2,746,332 shares of WORK Medical Technology Group stock in a transaction dated Monday, June 1st. The shares were acquired at an average price of $0.14 per share, with a total value of $384,486.48. Following the completion of the transaction, the insider owned 351,959 shares of the company’s stock, valued at approximately $49,274.26. This trade represents a -114.70% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases 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 acquired 1,535,850 shares of WORK Medical Technology Group stock. The stock was bought at an average cost of $0.09 per share, with a total value of $138,226.50.

WORK Medical Technology Group Stock Up 3.0%

WOK stock opened at $0.11 on Thursday. The company has a 50-day simple moving average of $1.11 and a 200 day simple moving average of $68.92. WORK Medical Technology Group LTD has a fifty-two week low of $0.09 and a fifty-two week high of $9,300.00.

Institutional Investors Weigh In On WORK Medical Technology Group

An institutional investor recently bought a new position in WORK Medical Technology Group stock. Sabby Management LLC purchased a new stake in WORK Medical Technology Group LTD (NASDAQ:WOK) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,724,004 shares of the company’s stock, valued at approximately $204,000. WORK Medical Technology Group comprises approximately 0.2% of Sabby Management LLC’s portfolio, making the stock its 18th biggest position. Sabby Management LLC owned 590.89% of WORK Medical Technology Group as of its most recent filing with the SEC.

Analyst Ratings Changes

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