WORK Medical Technology Group (NASDAQ:WOK) Major Shareholder Financial Lp Hrt Sells 2,619,607 Shares of Stock

WORK Medical Technology Group LTD (NASDAQ:WOK) major shareholder Financial Lp Hrt sold 2,619,607 shares of WORK Medical Technology Group stock in a transaction on Friday, May 29th. The stock was sold at an average price of $0.10, for a total value of $261,960.70. Following the completion of the sale, the insider directly owned 225,234 shares of the company’s stock, valued at approximately $22,523.40. The trade was a 92.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, May 28th, Financial Lp Hrt purchased 1,535,850 shares of WORK Medical Technology Group stock. The shares were acquired at an average cost of $0.09 per share, for a total transaction of $138,226.50.

WORK Medical Technology Group Trading Up 15.5%

Shares of WORK Medical Technology Group stock traded up $0.01 during trading on Monday, hitting $0.11. 381,078,933 shares of the company’s stock traded hands, compared to its average volume of 19,822,500. WORK Medical Technology Group LTD has a 1 year low of $0.09 and a 1 year high of $9,300.00. The business has a 50-day simple moving average of $1.17 and a 200-day simple moving average of $74.96.

Hedge Funds Weigh In On WORK Medical Technology Group

An institutional investor recently bought a new position in WORK Medical Technology Group stock. Sabby Management LLC acquired a new position in WORK Medical Technology Group LTD (NASDAQ:WOK) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,724,004 shares of the company’s stock, valued at approximately $204,000. WORK Medical Technology Group accounts for approximately 0.2% of Sabby Management LLC’s holdings, making the stock its 18th biggest holding. Sabby Management LLC owned about 590.89% of WORK Medical Technology Group as of its most recent filing with the Securities & Exchange Commission.

Wall Street Analysts Forecast Growth

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