707 Cayman (NASDAQ:JEM) Major Shareholder Sells 48,418 Shares of Stock

707 Cayman Holdings Limited (NASDAQ:JEM) major shareholder Financial Lp Hrt sold 48,418 shares of the stock in a transaction on Friday, July 10th. The stock was sold at an average price of $0.60, for a total value of $29,050.80. Following the transaction, the insider owned 138,001 shares of the company’s stock, valued at approximately $82,800.60. This represents a 25.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Large 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 Wednesday, July 8th, Financial Lp Hrt sold 112,322 shares of 707 Cayman stock. The shares were sold at an average price of $1.13, for a total transaction of $126,923.86.
• On Tuesday, July 7th, Financial Lp Hrt bought 137,268 shares of 707 Cayman stock. The stock was bought at an average price of $1.36 per share, with a total value of $186,684.48.

707 Cayman Trading Down 18.9%

Shares of NASDAQ JEM traded down $0.10 during trading on Monday, reaching $0.44. The stock had a trading volume of 2,936,935 shares, compared to its average volume of 2,505,424. The business’s 50-day moving average price is $1.78 and its 200-day moving average price is $2.31. 707 Cayman Holdings Limited has a fifty-two week low of $0.38 and a fifty-two week high of $135.00.

707 Cayman’s stock is going to reverse split before the market opens on Tuesday, July 14th. The 1-12 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, July 13th.

Institutional Trading of 707 Cayman

An institutional investor recently bought a new position in 707 Cayman stock. Geode Capital Management LLC acquired a new position in shares of 707 Cayman Holdings Limited (NASDAQ:JEM) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned about 0.06% of 707 Cayman as of its most recent filing with the SEC.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of 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, According to MarketBeat.com, the company presently 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.