707 Cayman (NASDAQ:JEM) Major Shareholder Financial Lp Hrt Acquires 125,911 Shares

707 Cayman Holdings Limited (NASDAQ:JEM) major shareholder Financial Lp Hrt purchased 125,911 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The shares were purchased at an average cost of $1.07 per share, with a total value of $134,724.77. Following the completion of the acquisition, the insider owned 186,419 shares in the company, valued at $199,468.33. The trade was a 208.09% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible 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 Friday, July 10th, Financial Lp Hrt sold 48,418 shares of 707 Cayman stock. The shares were sold at an average price of $0.60, for a total value of $29,050.80.
• On Wednesday, July 8th, Financial Lp Hrt sold 112,322 shares of 707 Cayman stock. The shares were sold at an average price of $1.13, for a total value of $126,923.86.
• On Tuesday, July 7th, Financial Lp Hrt acquired 137,268 shares of 707 Cayman stock. The stock was purchased at an average cost of $1.36 per share, for a total transaction of $186,684.48.

707 Cayman Trading Down 7.0%

JEM stock opened at $0.50 on Tuesday. 707 Cayman Holdings Limited has a fifty-two week low of $0.38 and a fifty-two week high of $135.00. The business’s fifty day moving average price is $1.77 and its two-hundred day moving average price is $2.28.

Institutional Investors Weigh In On 707 Cayman

An institutional investor recently bought a new stake in 707 Cayman stock. Geode Capital Management LLC acquired a new position in shares of 707 Cayman Holdings Limited (NASDAQ:JEM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned 0.06% of 707 Cayman at the end of the most recent reporting period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of 707 Cayman from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, 707 Cayman currently has a consensus 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.