Insider Selling: WORK Medical Technology Group (NASDAQ:WOK) Major Shareholder Sells 1,757,955 Shares of Stock

WORK Medical Technology Group LTD (NASDAQ:WOK) major shareholder Financial Lp Hrt sold 1,757,955 shares of WORK Medical Technology Group stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $0.11, for a total value of $193,375.05. Following the completion of the transaction, the insider owned 351,959 shares of the company’s stock, valued at approximately $38,715.49. The trade was a 83.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Monday, June 1st, Financial Lp Hrt acquired 2,746,332 shares of WORK Medical Technology Group stock. The stock was acquired at an average price of $0.14 per share, with a total value 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 value of $261,960.70.
• On Thursday, May 28th, Financial Lp Hrt acquired 1,535,850 shares of WORK Medical Technology Group stock. The stock was acquired at an average price of $0.09 per share, with a total value of $138,226.50.

WORK Medical Technology Group Trading Up 5.8%

WOK traded up $0.01 during trading on Wednesday, hitting $0.11. The company’s stock had a trading volume of 168,025,610 shares, compared to its average volume of 22,130,434. The firm’s 50 day moving average price is $1.15 and its two-hundred day moving average price is $74.44. WORK Medical Technology Group LTD has a 12 month low of $0.09 and a 12 month high of $9,300.00.

Institutional Investors Weigh In On WORK Medical Technology Group

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) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 investment portfolio, making the stock its 18th largest holding. Sabby Management LLC owned approximately 590.89% of WORK Medical Technology Group as of its most recent SEC filing.

Analysts Set New Price Targets

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