WORK Medical Technology Group (NASDAQ:WOK) Major Shareholder Purchases $384,486.48 in Stock

WORK Medical Technology Group LTD (NASDAQ:WOK) major shareholder Financial Lp Hrt purchased 2,746,332 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average price of $0.14 per share, with a total value of $384,486.48. Following the completion of the acquisition, the insider owned 351,959 shares in the company, valued at $49,274.26. This represents a -114.70% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through 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 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 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 purchased 1,535,850 shares of WORK Medical Technology Group stock. The stock was bought at an average price of $0.09 per share, with a total value of $138,226.50.

WORK Medical Technology Group Stock Up 5.8%

Shares of WORK Medical Technology Group stock traded up $0.01 during trading hours on Wednesday, hitting $0.11. 168,025,610 shares of the company’s stock traded hands, compared to its average volume of 22,130,434. The stock has a 50 day simple moving average of $1.15 and a 200-day simple moving average of $74.44. WORK Medical Technology Group LTD has a twelve month low of $0.09 and a twelve month high of $9,300.00.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed 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, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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 purchased a new stake in shares of WORK Medical Technology Group LTD (NASDAQ:WOK) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,724,004 shares of the company’s stock, valued at approximately $204,000. WORK Medical Technology Group comprises approximately 0.2% of Sabby Management LLC’s holdings, making the stock its 18th largest holding. 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.