Insider Buying: WORK Medical Technology Group (NASDAQ:WOK) Major Shareholder Buys $138,226.50 in Stock

WORK Medical Technology Group LTD (NASDAQ:WOK) major shareholder Financial Lp Hrt acquired 1,535,850 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were bought at an average cost of $0.09 per share, for a total transaction of $138,226.50. Following the acquisition, the insider owned 225,234 shares of the company’s stock, valued at $20,271.06. This represents a -117.19% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more 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 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 transaction of $193,375.05.
• On Monday, June 1st, Financial Lp Hrt acquired 2,746,332 shares of WORK Medical Technology Group stock. The shares were bought at an average cost 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 transaction of $261,960.70.

WORK Medical Technology Group Stock Up 3.0%

Shares of NASDAQ WOK opened at $0.11 on Thursday. WORK Medical Technology Group LTD has a 12-month low of $0.09 and a 12-month high of $9,300.00. The firm’s 50-day moving average is $1.11 and its two-hundred day moving average is $68.92.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed 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, According to MarketBeat.com, the company has an average rating of “Sell”.

Institutional Trading of WORK Medical Technology Group

A hedge fund recently bought a new stake in WORK Medical Technology Group stock. Sabby Management LLC acquired a new stake in shares of WORK Medical Technology Group LTD (NASDAQ:WOK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,724,004 shares of the company’s stock, valued at approximately $204,000. WORK Medical Technology Group accounts for about 0.2% of Sabby Management LLC’s holdings, making the stock its 18th largest holding. Sabby Management LLC owned 590.89% of WORK Medical Technology Group as of its most recent SEC filing.

About WORK Medical Technology Group

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.