707 Cayman (NASDAQ:JEM) Major Shareholder Financial Lp Hrt Sells 48,418 Shares of Stock

707 Cayman Holdings Limited (NASDAQ:JEM) major shareholder Financial Lp Hrt sold 48,418 shares of 707 Cayman stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $0.60, for a total transaction of $29,050.80. Following the transaction, the insider directly owned 138,001 shares in the company, valued at $82,800.60. This represents a 25.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 Thursday, July 9th, Financial Lp Hrt purchased 125,911 shares of 707 Cayman stock. The stock was purchased at an average price of $1.07 per share, with a total value of $134,724.77.
• On Thursday, July 9th, Financial Lp Hrt acquired 10,492 shares of 707 Cayman stock. The stock was purchased at an average cost of $12.84 per share, with a total value of $134,717.28.
• On Friday, July 10th, Financial Lp Hrt sold 4,034 shares of 707 Cayman stock. The stock was sold at an average price of $7.20, for a total transaction of $29,044.80.
• On Wednesday, July 8th, Financial Lp Hrt sold 9,360 shares of 707 Cayman stock. The shares were sold at an average price of $13.56, for a total transaction of $126,921.60.
• On Tuesday, July 7th, Financial Lp Hrt bought 11,439 shares of 707 Cayman stock. The shares were purchased at an average price of $16.32 per share, for a total transaction of $186,684.48.

707 Cayman Stock Down 7.0%

Shares of 707 Cayman stock opened at $0.50 on Tuesday. The company has a fifty day moving average of $1.77 and a 200 day moving average of $2.28. 707 Cayman Holdings Limited has a fifty-two week low of $0.38 and a fifty-two week high of $135.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in 707 Cayman stock. Geode Capital Management LLC purchased a new position in 707 Cayman Holdings Limited (NASDAQ:JEM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned about 0.06% of 707 Cayman as of its most recent filing with the Securities and Exchange Commission (SEC).

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded 707 Cayman from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

About 707 Cayman

We are a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions to our customers spanning from Western Europe, North America to the Middle East. We were founded in 2021 and became wholly-owned by Mr. Cheung, executive director and chief executive officer, in May 2022 and have grown, in a short period of time, building relationships with a diverse range of customers. Our customers include mid-size brand owners and apparel companies that have comprehensive operations with private labels that are sold worldwide.