Insider Buying: 707 Cayman (NASDAQ:JEM) Major Shareholder Buys $134,724.77 in Stock

707 Cayman Holdings Limited (NASDAQ:JEM) major shareholder Financial Lp Hrt bought 125,911 shares of the firm’s stock in a transaction on Thursday, July 9th. The stock was bought at an average cost of $1.07 per share, for a total transaction of $134,724.77. Following the transaction, the insider directly owned 186,419 shares of the company’s stock, valued at $199,468.33. The trade was a 208.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 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 Friday, July 10th, Financial Lp Hrt sold 48,418 shares of 707 Cayman stock. The shares were sold at an average price of $0.60, for a total transaction of $29,050.80.
• On Thursday, July 9th, Financial Lp Hrt purchased 10,492 shares of 707 Cayman stock. The shares were bought at an average price of $12.84 per share, with a total value of $134,717.28.
• On Friday, July 10th, Financial Lp Hrt sold 4,034 shares of 707 Cayman stock. The shares were sold at an average price of $7.20, for a total transaction of $29,044.80.
• On Wednesday, July 8th, Financial Lp Hrt sold 9,360 shares of 707 Cayman stock. The stock was sold at an average price of $13.56, for a total transaction of $126,921.60.
• On Tuesday, July 7th, Financial Lp Hrt acquired 11,439 shares of 707 Cayman stock. The shares were bought at an average cost of $16.32 per share, with a total value of $186,684.48.

707 Cayman Trading Down 3.6%

707 Cayman stock opened at $5.29 on Friday. 707 Cayman Holdings Limited has a fifty-two week low of $4.50 and a fifty-two week high of $1,620.00. The firm has a 50 day moving average price of $20.61 and a 200 day moving average price of $26.57.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded 707 Cayman from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, 707 Cayman currently has an average rating of “Sell”.

Institutional Investors Weigh In On 707 Cayman

An institutional investor recently bought a new stake in 707 Cayman stock. Geode Capital Management LLC bought a new position in shares of 707 Cayman Holdings Limited (NASDAQ:JEM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned approximately 0.06% of 707 Cayman as of its most recent SEC filing.

About 707 Cayman

We are a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions to our customers spanning from Western Europe, North America to the Middle East. We were founded in 2021 and became wholly-owned by Mr. Cheung, executive director and chief executive officer, in May 2022 and have grown, in a short period of time, building relationships with a diverse range of customers. Our customers include mid-size brand owners and apparel companies that have comprehensive operations with private labels that are sold worldwide.