Financial Lp Hrt Buys 268,927 Shares of WORK Medical Technology Group (NASDAQ:WOK) Stock

WORK Medical Technology Group LTD (NASDAQ:WOK) major shareholder Financial Lp Hrt purchased 268,927 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were bought at an average cost of $0.10 per share, with a total value of $26,892.70. Following the transaction, the insider directly owned 3,296,023 shares of the company’s stock, valued at approximately $329,602.30. This represents a 8.88% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Tuesday, June 16th, Financial Lp Hrt sold 2,904,567 shares of WORK Medical Technology Group stock. The stock was sold at an average price of $0.06, for a total transaction of $174,274.02.
• On Friday, June 12th, Financial Lp Hrt purchased 48,108 shares of WORK Medical Technology Group stock. The shares were bought at an average cost of $0.08 per share, with a total value of $3,848.64.
• On Monday, June 8th, Financial Lp Hrt acquired 2,261,118 shares of WORK Medical Technology Group stock. The shares were purchased at an average price of $0.11 per share, for a total transaction of $248,722.98.
• On Friday, June 5th, Financial Lp Hrt acquired 54,529 shares of WORK Medical Technology Group stock. The shares were purchased at an average price of $0.09 per share, for a total transaction of $4,907.61.
• On Thursday, June 4th, Financial Lp Hrt acquired 1,370,008 shares of WORK Medical Technology Group stock. The shares were purchased at an average price 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 stock was sold at an average price of $0.11, for a total value of $193,375.05.
• 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 price 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 price of $0.09 per share, for a total transaction of $138,226.50.

WORK Medical Technology Group Stock Performance

WOK traded down $0.01 during trading hours on Wednesday, hitting $0.04. 41,098,854 shares of the stock were exchanged, compared to its average volume of 30,853,736. WORK Medical Technology Group LTD has a 12 month low of $0.04 and a 12 month high of $9,300.00. The stock has a 50-day simple moving average of $0.92 and a 200-day simple moving average of $42.98.

Shares of WORK Medical Technology Group are scheduled to reverse split on Thursday, June 18th. The 1-100 reverse split was announced on Tuesday, June 16th. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, June 17th.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of WORK Medical Technology Group in a research note 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 presently 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 Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 investment portfolio, making the stock its 18th largest holding. Sabby Management LLC owned approximately 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.