Financial Lp Hrt Acquires 1,535,850 Shares of WORK Medical Technology Group (NASDAQ:WOK) Stock

WORK Medical Technology Group LTD (NASDAQ:WOK) major shareholder Financial Lp Hrt purchased 1,535,850 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was purchased at an average price of $0.09 per share, for a total transaction of $138,226.50. Following the completion of the acquisition, the insider owned 225,234 shares of the company’s stock, valued at approximately $20,271.06. This represents a -117.19% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• 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.

WORK Medical Technology Group Stock Performance

Shares of WORK Medical Technology Group stock opened at $0.10 on Wednesday. The stock’s 50-day moving average is $1.15 and its 200-day moving average is $74.44. WORK Medical Technology Group LTD has a one year low of $0.09 and a one year high of $9,300.00.

Institutional Trading of WORK Medical Technology Group

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 its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,724,004 shares of the company’s stock, valued at approximately $204,000. WORK Medical Technology Group makes up about 0.2% of Sabby Management LLC’s portfolio, making the stock its 18th biggest holding. Sabby Management LLC owned 590.89% of WORK Medical Technology Group at the end of the most recent reporting period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of WORK Medical Technology Group in a research report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, WORK Medical Technology Group presently has an average rating of “Sell”.

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.