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

WORK Medical Technology Group LTD (NASDAQ:WOK) major shareholder Financial Lp Hrt bought 880,456 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was purchased at an average cost of $0.05 per share, for a total transaction of $44,022.80. Following the completion of the acquisition, the insider owned 1,271,912 shares in the company, valued at approximately $63,595.60. This trade represents a 224.92% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases 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 stock was sold at an average price of $3.87, for a total transaction of $528,893.55.
• On Tuesday, June 16th, Financial Lp Hrt sold 29,045 shares of WORK Medical Technology Group stock. The stock was sold at an average price of $6.00, for a total transaction of $174,270.00.
• On Monday, June 15th, Financial Lp Hrt purchased 2,689 shares of WORK Medical Technology Group stock. The shares were purchased at an average price of $10.00 per share, for a total transaction of $26,890.00.
• On Friday, June 12th, Financial Lp Hrt acquired 481 shares of WORK Medical Technology Group stock. The stock was purchased at an average cost of $8.00 per share, for a total transaction of $3,848.00.
• On Monday, June 8th, Financial Lp Hrt acquired 22,611 shares of WORK Medical Technology Group stock. The shares were purchased at an average price of $11.00 per share, with a total value of $248,721.00.
• On Friday, June 5th, Financial Lp Hrt acquired 545 shares of WORK Medical Technology Group stock. The shares were purchased at an average price of $9.00 per share, with a total value of $4,905.00.
• On Thursday, June 4th, Financial Lp Hrt bought 13,700 shares of WORK Medical Technology Group stock. The shares were acquired at an average price of $10.00 per share, with a total value of $137,000.00.
• On Tuesday, June 2nd, Financial Lp Hrt sold 17,579 shares of WORK Medical Technology Group stock. The shares were sold at an average price of $11.00, for a total value of $193,369.00.
• On Monday, June 1st, Financial Lp Hrt purchased 27,463 shares of WORK Medical Technology Group stock. The stock was acquired at an average price 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 Price Performance

WORK Medical Technology Group stock opened at $2.62 on Wednesday. WORK Medical Technology Group LTD has a 52 week low of $1.78 and a 52 week high of $930,000.00. The stock has a fifty day moving average of $80.10 and a 200-day moving average of $2,388.02.

Analyst Ratings Changes

Separately, Weiss Ratings reissued 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, WORK Medical Technology Group currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On WORK Medical Technology Group

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