707 Cayman (NASDAQ:JEM) Major Shareholder Sells $29,050.80 in Stock

707 Cayman Holdings Limited (NASDAQ:JEM) major shareholder Financial Lp Hrt sold 48,418 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $0.60, for a total transaction of $29,050.80. Following the completion of the transaction, the insider owned 138,001 shares in the company, valued at $82,800.60. This trade represents a 25.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Thursday, July 9th, Financial Lp Hrt acquired 125,911 shares of 707 Cayman stock. The stock was purchased at an average cost of $1.07 per share, for a total transaction of $134,724.77.
• On Thursday, July 9th, Financial Lp Hrt acquired 10,492 shares of 707 Cayman stock. The shares were purchased 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 stock was 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 bought 11,439 shares of 707 Cayman stock. The stock was purchased at an average price of $16.32 per share, for a total transaction of $186,684.48.

707 Cayman Stock Down 3.6%

Shares of JEM opened at $5.29 on Friday. The firm’s fifty day simple moving average is $20.61 and its two-hundred day simple moving average is $26.57. 707 Cayman Holdings Limited has a 12 month low of $4.50 and a 12 month high of $1,620.00.

Institutional Trading of 707 Cayman

An institutional investor recently bought a new position in 707 Cayman stock. Geode Capital Management LLC acquired a new stake in 707 Cayman Holdings Limited (NASDAQ:JEM) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 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.

Wall Street Analysts Forecast Growth

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

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.