WORK Medical Technology Group (NASDAQ:WOK) Major Shareholder Financial Lp Hrt Sells 2,619,607 Shares of Stock

WORK Medical Technology Group LTD (NASDAQ:WOK) major shareholder Financial Lp Hrt sold 2,619,607 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $0.10, for a total transaction of $261,960.70. Following the completion of the sale, the insider owned 225,234 shares in the company, valued at $22,523.40. The trade was a 92.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Major 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 Thursday, May 28th, Financial Lp Hrt acquired 1,535,850 shares of WORK Medical Technology Group stock. The stock was purchased at an average price of $0.09 per share, for a total transaction of $138,226.50.

WORK Medical Technology Group Stock Performance

Shares of WOK opened at $0.11 on Tuesday. WORK Medical Technology Group LTD has a twelve month low of $0.09 and a twelve month high of $9,300.00. The firm’s fifty day simple moving average is $1.15 and its 200-day simple moving average is $74.44.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in WORK Medical Technology Group stock. Sabby Management LLC acquired a new position in shares of WORK Medical Technology Group LTD (NASDAQ:WOK) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 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 investment portfolio, making the stock its 18th largest position. Sabby Management LLC owned approximately 590.89% of WORK Medical Technology Group as of its most recent filing with the SEC.

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.