Insider Buying: WORK Medical Technology Group (NASDAQ:WOK) Major Shareholder Purchases 1,370,008 Shares of Stock

WORK Medical Technology Group LTD (NASDAQ:WOKGet Free Report) major shareholder Financial Lp Hrt bought 1,370,008 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were bought at an average price of $0.10 per share, for a total transaction of $137,000.80. Following the completion of the acquisition, the insider owned 331,652 shares of the company’s stock, valued at approximately $33,165.20. This represents a -131.94% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own 10% or more 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, June 5th, Financial Lp Hrt bought 54,529 shares of WORK Medical Technology Group stock. The shares were bought at an average price of $0.09 per share, for a total transaction of $4,907.61.
  • On Tuesday, June 2nd, Financial Lp Hrt sold 1,757,955 shares of WORK Medical Technology Group stock. The shares were 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 shares were bought at an average price 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 shares were bought at an average price of $0.09 per share, for a total transaction of $138,226.50.

WORK Medical Technology Group Price Performance

NASDAQ WOK traded up $0.01 during trading on Monday, hitting $0.10. 313,653,775 shares of the company traded hands, compared to its average volume of 25,861,377. WORK Medical Technology Group LTD has a 12 month low of $0.08 and a 12 month high of $9,300.00. The business has a fifty day simple moving average of $1.07 and a 200 day simple moving average of $60.23.

Wall Street Analysts Forecast Growth

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

Get Our Latest Report on WORK Medical Technology Group

Institutional Inflows and Outflows

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

About WORK Medical Technology Group

(Get Free Report)

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.

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