WORK Medical Technology Group (NASDAQ:WOK) Major Shareholder Sells $528,893.55 in Stock

WORK Medical Technology Group LTD (NASDAQ:WOK) major shareholder Financial Lp Hrt sold 136,665 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $3.87, for a total value of $528,893.55. Following the sale, the insider owned 123,944 shares in the company, valued at approximately $479,663.28. The trade was a 52.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more 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 Wednesday, June 17th, Financial Lp Hrt bought 880,456 shares of WORK Medical Technology Group stock. The stock was acquired at an average price of $0.05 per share, with a total value of $44,022.80.
• 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 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 acquired at an average cost of $10.00 per share, for a total transaction of $26,890.00.
• On Friday, June 12th, Financial Lp Hrt purchased 481 shares of WORK Medical Technology Group stock. The shares were acquired at an average price of $8.00 per share, for a total transaction of $3,848.00.
• On Monday, June 8th, Financial Lp Hrt purchased 22,611 shares of WORK Medical Technology Group stock. The shares were acquired at an average price of $11.00 per share, for a total transaction of $248,721.00.
• On Friday, June 5th, Financial Lp Hrt acquired 545 shares of WORK Medical Technology Group stock. The shares were bought at an average cost of $9.00 per share, with a total value of $4,905.00.
• On Thursday, June 4th, Financial Lp Hrt acquired 13,700 shares of WORK Medical Technology Group stock. The stock was bought 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 transaction of $193,369.00.
• On Monday, June 1st, Financial Lp Hrt bought 27,463 shares of WORK Medical Technology Group stock. The shares were bought 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 transaction of $261,960.00.

WORK Medical Technology Group Stock Performance

NASDAQ:WOK opened at $2.24 on Friday. The firm has a fifty day simple moving average of $75.56 and a two-hundred day simple moving average of $1,630.41. WORK Medical Technology Group LTD has a 12 month low of $1.78 and a 12 month high of $930,000.00.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of WORK Medical Technology Group in a research note on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On WORK Medical Technology Group

A hedge fund recently bought a new stake in WORK Medical Technology Group stock. Sabby Management LLC purchased a new stake in 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. The firm purchased 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 investment portfolio, making the stock its 18th biggest holding. Sabby Management LLC owned about 590.89% of WORK Medical Technology Group at the end of the most recent quarter.

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.