Financial Lp Hrt Purchases 1,370,008 Shares of WORK Medical Technology Group (NASDAQ:WOK) Stock

WORK Medical Technology Group LTD (NASDAQ:WOK) major shareholder Financial Lp Hrt bought 1,370,008 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was bought at an average price of $0.10 per share, with a total value of $137,000.80. Following the acquisition, the insider owned 331,652 shares in the company, valued at approximately $33,165.20. This trade represents a -131.94% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 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 Monday, June 8th, Financial Lp Hrt bought 2,261,118 shares of WORK Medical Technology Group stock. The stock was bought at an average price of $0.11 per share, with a total value of $248,722.98.
• On Friday, June 5th, Financial Lp Hrt bought 54,529 shares of WORK Medical Technology Group stock. The stock was bought at an average price of $0.09 per share, with a total value of $4,907.61.
• 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 value of $193,375.05.
• On Monday, June 1st, Financial Lp Hrt acquired 2,746,332 shares of WORK Medical Technology Group stock. The stock was purchased at an average cost 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 bought 1,535,850 shares of WORK Medical Technology Group stock. The shares were acquired at an average cost of $0.09 per share, for a total transaction of $138,226.50.

WORK Medical Technology Group Stock Up 0.4%

WOK opened at $0.10 on Wednesday. The stock’s 50 day moving average price is $1.02 and its 200-day moving average price is $56.97. WORK Medical Technology Group LTD has a one year low of $0.08 and a one year high of $9,300.00.

Institutional Trading of WORK Medical Technology Group

An institutional investor recently bought a new position in WORK Medical Technology Group stock. Sabby Management LLC purchased a new stake in shares of WORK Medical Technology Group LTD (NASDAQ:WOK) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,724,004 shares of the company’s stock, valued at approximately $204,000. WORK Medical Technology Group makes up about 0.2% of Sabby Management LLC’s portfolio, making the stock its 18th largest position. Sabby Management LLC owned about 590.89% of WORK Medical Technology Group at the end of the most recent quarter.

Analysts Set New Price Targets

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