WORK Medical Technology Group (NASDAQ:WOK) Major Shareholder Financial Lp Hrt Purchases 2,261,118 Shares

WORK Medical Technology Group LTD (NASDAQ:WOK) major shareholder Financial Lp Hrt bought 2,261,118 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was bought at an average price of $0.11 per share, with a total value of $248,722.98. Following the completion of the acquisition, the insider owned 2,647,299 shares of the company’s stock, valued at $291,202.89. This trade represents a 585.51% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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, June 5th, Financial Lp Hrt bought 54,529 shares of WORK Medical Technology Group stock. The stock was bought at an average price of $0.09 per share, with a total value 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 acquired 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 acquired 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 acquired at an average cost of $0.09 per share, for a total transaction of $138,226.50.

WORK Medical Technology Group Stock Up 0.4%

Shares of WOK stock opened at $0.10 on Wednesday. WORK Medical Technology Group LTD has a fifty-two week low of $0.08 and a fifty-two week high of $9,300.00. The firm’s 50 day moving average price is $1.02 and its two-hundred day moving average price is $56.97.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in WORK Medical Technology Group stock. Sabby Management LLC bought a new position in shares of WORK Medical Technology Group LTD (NASDAQ:WOK) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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 investment portfolio, making the stock its 18th largest holding. Sabby Management LLC owned about 590.89% of WORK Medical Technology Group as of its most recent SEC filing.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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 company 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.