707 Cayman (NASDAQ:JEM) Major Shareholder Purchases 125,911 Shares

707 Cayman Holdings Limited (NASDAQ:JEM) major shareholder Financial Lp Hrt bought 125,911 shares of the firm’s stock in a transaction that occurred on Thursday, July 9th. The stock was acquired at an average cost of $1.07 per share, with a total value of $134,724.77. Following the transaction, the insider owned 186,419 shares of the company’s stock, valued at $199,468.33. This represents a 208.09% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% 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 Friday, July 10th, Financial Lp Hrt sold 48,418 shares of 707 Cayman stock. The shares were sold at an average price of $0.60, for a total transaction of $29,050.80.
• On Wednesday, July 8th, Financial Lp Hrt sold 112,322 shares of 707 Cayman stock. The stock was sold at an average price of $1.13, for a total transaction of $126,923.86.
• On Tuesday, July 7th, Financial Lp Hrt acquired 137,268 shares of 707 Cayman stock. The shares were acquired at an average price of $1.36 per share, with a total value of $186,684.48.

707 Cayman Price Performance

Shares of NASDAQ JEM traded down $0.04 during mid-day trading on Monday, hitting $0.50. The company had a trading volume of 17,386,361 shares, compared to its average volume of 2,565,422. The firm has a 50-day simple moving average of $1.78 and a two-hundred day simple moving average of $2.31. 707 Cayman Holdings Limited has a one year low of $0.38 and a one year high of $135.00.

Shares of 707 Cayman are going to reverse split on the morning of Tuesday, July 14th. The 1-12 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, July 13th.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded 707 Cayman from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Institutional Trading of 707 Cayman

An institutional investor recently bought a new position in 707 Cayman stock. Geode Capital Management LLC purchased a new stake in 707 Cayman Holdings Limited (NASDAQ:JEM) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned about 0.06% of 707 Cayman at the end of the most recent reporting period.

707 Cayman Company Profile

We are a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions to our customers spanning from Western Europe, North America to the Middle East. We were founded in 2021 and became wholly-owned by Mr. Cheung, executive director and chief executive officer, in May 2022 and have grown, in a short period of time, building relationships with a diverse range of customers. Our customers include mid-size brand owners and apparel companies that have comprehensive operations with private labels that are sold worldwide.