WORK Medical Technology Group (NASDAQ:WOK) Major Shareholder Sells $193,375.05 in Stock

WORK Medical Technology Group LTD (NASDAQ:WOK) major shareholder Financial Lp Hrt sold 1,757,955 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $0.11, for a total value of $193,375.05. Following the completion of the transaction, the insider owned 351,959 shares of the company’s stock, valued at $38,715.49. This represents a 83.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own at least 10% 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 Monday, June 1st, Financial Lp Hrt acquired 2,746,332 shares of WORK Medical Technology Group stock. The stock was acquired at an average price of $0.14 per share, with a total value 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 value of $261,960.70.
• On Thursday, May 28th, Financial Lp Hrt acquired 1,535,850 shares of WORK Medical Technology Group stock. The stock was acquired at an average price of $0.09 per share, with a total value of $138,226.50.

WORK Medical Technology Group Trading Down 15.7%

Shares of WOK opened at $0.09 on Friday. The stock has a 50 day simple moving average of $1.07 and a 200 day simple moving average of $62.78. WORK Medical Technology Group LTD has a 52-week low of $0.08 and a 52-week high of $9,300.00.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of WORK Medical Technology Group in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On WORK Medical Technology Group

An institutional investor recently bought a new position in WORK Medical Technology Group stock. Sabby Management LLC bought a new stake in WORK Medical Technology Group LTD (NASDAQ:WOK) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,724,004 shares of the company’s stock, valued at approximately $204,000. WORK Medical Technology Group makes up 0.2% of Sabby Management LLC’s 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 filing with the Securities and Exchange Commission.

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.