WORK Medical Technology Group (NASDAQ:WOK) Major Shareholder Financial Lp Hrt Acquires 1,370,008 Shares

WORK Medical Technology Group LTD (NASDAQ:WOK) major shareholder Financial Lp Hrt bought 1,370,008 shares of WORK Medical Technology Group stock in a transaction dated Thursday, June 4th. The stock was purchased at an average price of $0.10 per share, with a total value of $137,000.80. Following the completion of the purchase, the insider owned 331,652 shares in the company, valued at $33,165.20. This trade represents a -131.94% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Major 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, June 5th, Financial Lp Hrt purchased 54,529 shares of WORK Medical Technology Group stock. The shares were purchased at an average cost of $0.09 per share, for a total transaction of $4,907.61.
• 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 purchased 2,746,332 shares of WORK Medical Technology Group stock. The stock was 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 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 shares were purchased at an average price of $0.09 per share, with a total value of $138,226.50.

WORK Medical Technology Group Stock Performance

NASDAQ WOK opened at $0.10 on Tuesday. WORK Medical Technology Group LTD has a 52 week low of $0.08 and a 52 week high of $9,300.00. The business has a 50 day moving average price of $1.05 and a 200-day moving average price of $59.81.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in WORK Medical Technology Group stock. Sabby Management LLC purchased a new stake in WORK Medical Technology Group LTD (NASDAQ:WOK) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,724,004 shares of the company’s stock, valued at approximately $204,000. WORK Medical Technology Group comprises about 0.2% of Sabby Management LLC’s holdings, making the stock its 18th biggest holding. Sabby Management LLC owned approximately 590.89% of WORK Medical Technology Group as of its most recent SEC filing.

Analyst Upgrades and Downgrades

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

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.