WORK Medical Technology Group (NASDAQ:WOK) Major Shareholder Buys $137,000.80 in Stock

WORK Medical Technology Group LTD (NASDAQ:WOK) major shareholder Financial Lp Hrt acquired 1,370,008 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were acquired at an average price of $0.10 per share, for a total transaction of $137,000.80. Following the acquisition, the insider directly owned 331,652 shares in the company, valued at $33,165.20. This represents a -131.94% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own more than 10% 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 Monday, June 8th, Financial Lp Hrt acquired 2,261,118 shares of WORK Medical Technology Group stock. The shares were acquired at an average price of $0.11 per share, for a total transaction of $248,722.98.
• On Friday, June 5th, Financial Lp Hrt acquired 54,529 shares of WORK Medical Technology Group stock. The shares were acquired at an average price of $0.09 per share, for a total transaction of $4,907.61.
• 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 shares were acquired at an average price 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 shares were acquired at an average price of $0.09 per share, for a total transaction of $138,226.50.

WORK Medical Technology Group Trading Down 0.5%

NASDAQ:WOK opened at $0.10 on Thursday. WORK Medical Technology Group LTD has a fifty-two week low of $0.08 and a fifty-two week high of $9,300.00. The business’s 50-day simple moving average is $1.00 and its 200-day simple moving average is $54.26.

Wall Street Analysts Forecast Growth

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, According to MarketBeat, WORK Medical Technology Group presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in WORK Medical Technology Group stock. Sabby Management LLC purchased a new position in shares of WORK Medical Technology Group LTD (NASDAQ:WOK) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,724,004 shares of the company’s stock, valued at approximately $204,000. WORK Medical Technology Group comprises about 0.2% of Sabby Management LLC’s investment portfolio, making the stock its 18th biggest position. 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.