707 Cayman (NASDAQ:JEM) Major Shareholder Financial Lp Hrt Sells 112,322 Shares of Stock

707 Cayman Holdings Limited (NASDAQ:JEM) major shareholder Financial Lp Hrt sold 112,322 shares of the business’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $1.13, for a total value of $126,923.86. Following the sale, the insider owned 60,508 shares in the company, valued at $68,374.04. The trade was a 64.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 Tuesday, July 7th, Financial Lp Hrt acquired 137,268 shares of 707 Cayman stock. The stock was bought at an average cost of $1.36 per share, with a total value of $186,684.48.

707 Cayman Price Performance

NASDAQ:JEM opened at $1.12 on Friday. 707 Cayman Holdings Limited has a twelve month low of $1.00 and a twelve month high of $135.00. The company’s 50 day moving average is $1.80 and its two-hundred day moving average is $2.33.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

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

707 Cayman Company Profile

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.