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 stock was sold at an average price of $0.60, for a total value of $29,050.80. Following the transaction, the insider owned 138,001 shares of the company’s stock, valued at $82,800.60. This represents a 25.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large 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 Thursday, July 9th, Financial Lp Hrt bought 125,911 shares of 707 Cayman stock. The shares were acquired at an average cost of $1.07 per share, for a total transaction of $134,724.77.
• 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 purchased 137,268 shares of 707 Cayman stock. The shares were acquired at an average cost of $1.36 per share, with a total value of $186,684.48.

707 Cayman Stock Down 7.0%

JEM stock opened at $0.50 on Tuesday. The company has a fifty day moving average price of $1.77 and a two-hundred day moving average price of $2.28. 707 Cayman Holdings Limited has a one year low of $0.38 and a one year high of $135.00.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of 707 Cayman from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On 707 Cayman

An institutional investor recently bought a new position in 707 Cayman stock. Geode Capital Management LLC bought a new position in shares of 707 Cayman Holdings Limited (NASDAQ:JEM) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 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 quarter.

707 Cayman Company Profile

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.