WORK Medical Technology Group (NASDAQ:WOK) Major Shareholder Acquires $248,722.98 in Stock

WORK Medical Technology Group LTD (NASDAQ:WOK) major shareholder Financial Lp Hrt purchased 2,261,118 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was acquired at an average cost of $0.11 per share, for a total transaction of $248,722.98. Following the completion of the purchase, the insider owned 2,647,299 shares in the company, valued at $291,202.89. The trade was a 585.51% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 Friday, June 5th, Financial Lp Hrt acquired 54,529 shares of WORK Medical Technology Group stock. The stock was purchased at an average cost of $0.09 per share, for a total transaction of $4,907.61.
• On Thursday, June 4th, Financial Lp Hrt acquired 1,370,008 shares of WORK Medical Technology Group stock. The stock was purchased at an average cost of $0.10 per share, for a total transaction of $137,000.80.
• On Tuesday, June 2nd, Financial Lp Hrt sold 1,757,955 shares of WORK Medical Technology Group stock. The shares were 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, for a total transaction 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 purchased at an average cost of $0.09 per share, for a total transaction of $138,226.50.

WORK Medical Technology Group Stock Down 8.5%

NASDAQ WOK opened at $0.09 on Friday. WORK Medical Technology Group LTD has a 1-year low of $0.08 and a 1-year high of $9,300.00. The business’s 50-day simple moving average is $0.98 and its 200-day simple moving average is $51.52.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed 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 shares of WORK Medical Technology Group LTD (NASDAQ:WOK) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 2,724,004 shares of the company’s stock, valued at approximately $204,000. WORK Medical Technology Group accounts for 0.2% of Sabby Management LLC’s holdings, making the stock its 18th biggest position. Sabby Management LLC owned 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.