Financial Lp Hrt Buys 880,456 Shares of WORK Medical Technology Group (NASDAQ:WOK) Stock

WORK Medical Technology Group LTD (NASDAQ:WOK) major shareholder Financial Lp Hrt bought 880,456 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were bought at an average price of $0.05 per share, for a total transaction of $44,022.80. Following the completion of the transaction, the insider directly owned 1,271,912 shares of the company’s stock, valued at $63,595.60. This represents a 224.92% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% 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, June 18th, Financial Lp Hrt sold 136,665 shares of WORK Medical Technology Group stock. The shares were sold at an average price of $3.87, for a total value of $528,893.55.
• On Tuesday, June 16th, Financial Lp Hrt sold 29,045 shares of WORK Medical Technology Group stock. The shares were sold at an average price of $6.00, for a total value of $174,270.00.
• On Monday, June 15th, Financial Lp Hrt purchased 2,689 shares of WORK Medical Technology Group stock. The stock was bought at an average cost of $10.00 per share, with a total value of $26,890.00.
• On Friday, June 12th, Financial Lp Hrt acquired 481 shares of WORK Medical Technology Group stock. The stock was acquired at an average price of $8.00 per share, with a total value of $3,848.00.
• On Monday, June 8th, Financial Lp Hrt bought 22,611 shares of WORK Medical Technology Group stock. The shares were acquired at an average cost of $11.00 per share, with a total value of $248,721.00.
• On Friday, June 5th, Financial Lp Hrt bought 545 shares of WORK Medical Technology Group stock. The shares were acquired at an average price of $9.00 per share, for a total transaction of $4,905.00.
• On Thursday, June 4th, Financial Lp Hrt acquired 13,700 shares of WORK Medical Technology Group stock. The stock was acquired at an average price of $10.00 per share, for a total transaction of $137,000.00.
• On Tuesday, June 2nd, Financial Lp Hrt sold 17,579 shares of WORK Medical Technology Group stock. The stock was sold at an average price of $11.00, for a total value of $193,369.00.
• On Monday, June 1st, Financial Lp Hrt bought 27,463 shares of WORK Medical Technology Group stock. The stock was acquired at an average cost of $14.00 per share, for a total transaction of $384,482.00.
• On Friday, May 29th, Financial Lp Hrt sold 26,196 shares of WORK Medical Technology Group stock. The stock was sold at an average price of $10.00, for a total value of $261,960.00.

WORK Medical Technology Group Stock Down 6.1%

Shares of NASDAQ:WOK opened at $2.46 on Thursday. WORK Medical Technology Group LTD has a fifty-two week low of $1.78 and a fifty-two week high of $930,000.00. The firm’s 50-day simple moving average is $77.83 and its 200-day simple moving average is $1,926.23.

Institutional Trading of WORK Medical Technology Group

An institutional investor recently bought a new position in WORK Medical Technology Group stock. Sabby Management LLC purchased a new stake in shares of WORK Medical Technology Group LTD (NASDAQ:WOK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,724,004 shares of the company’s stock, valued at approximately $204,000. WORK Medical Technology Group accounts for approximately 0.2% of Sabby Management LLC’s portfolio, making the stock its 18th biggest 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 (SEC).

Wall Street Analysts Forecast Growth

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