Insider Buying: WORK Medical Technology Group (NASDAQ:WOK) Major Shareholder Buys 2,261,118 Shares of Stock

WORK Medical Technology Group LTD (NASDAQ:WOK) major shareholder Financial Lp Hrt bought 2,261,118 shares of WORK Medical Technology Group stock in a transaction that occurred on Monday, June 8th. The shares were acquired at an average price of $0.11 per share, with a total value of $248,722.98. Following the completion of the transaction, the insider owned 2,647,299 shares of the company’s stock, valued at $291,202.89. This represents a 585.51% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 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 Friday, June 5th, Financial Lp Hrt bought 54,529 shares of WORK Medical Technology Group stock. The shares were acquired at an average price of $0.09 per share, with a total value of $4,907.61.
• On Thursday, June 4th, Financial Lp Hrt bought 1,370,008 shares of WORK Medical Technology Group stock. The shares were acquired at an average price of $0.10 per share, with a total value of $137,000.80.
• On Tuesday, June 2nd, Financial Lp Hrt sold 1,757,955 shares of WORK Medical Technology Group stock. The stock was sold at an average price of $0.11, for a total value of $193,375.05.
• On Monday, June 1st, Financial Lp Hrt bought 2,746,332 shares of WORK Medical Technology Group stock. The stock was purchased at an average cost of $0.14 per share, for a total transaction of $384,486.48.
• 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.
• On Thursday, May 28th, Financial Lp Hrt bought 1,535,850 shares of WORK Medical Technology Group stock. The stock was purchased at an average cost of $0.09 per share, for a total transaction of $138,226.50.

WORK Medical Technology Group Stock Up 0.4%

WOK traded up $0.00 during trading on Tuesday, reaching $0.10. The stock had a trading volume of 230,400,571 shares, compared to its average volume of 27,822,947. WORK Medical Technology Group LTD has a one year low of $0.08 and a one year high of $9,300.00. The business has a 50-day moving average of $1.05 and a 200-day moving average of $59.81.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in WORK Medical Technology Group stock. Sabby Management LLC bought a new stake in WORK Medical Technology Group LTD (NASDAQ:WOK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,724,004 shares of the company’s stock, valued at approximately $204,000. WORK Medical Technology Group comprises about 0.2% of Sabby Management LLC’s portfolio, making the stock its 18th biggest position. Sabby Management LLC owned 590.89% of WORK Medical Technology Group as of its most recent filing with the Securities and Exchange Commission (SEC).

About WORK Medical Technology Group

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.