707 Cayman (NASDAQ:JEM) Major Shareholder Acquires $134,724.77 in Stock

707 Cayman Holdings Limited (NASDAQ:JEM) major shareholder Financial Lp Hrt purchased 125,911 shares of the business’s stock in a transaction on Thursday, July 9th. The shares were bought at an average price of $1.07 per share, with a total value of $134,724.77. Following the purchase, the insider directly owned 186,419 shares in the company, valued at approximately $199,468.33. The trade was a 208.09% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 10% 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, 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 value of $29,050.80.
• On Thursday, July 9th, Financial Lp Hrt purchased 10,492 shares of 707 Cayman stock. The shares were bought at an average price of $12.84 per share, with a total value of $134,717.28.
• On Friday, July 10th, Financial Lp Hrt sold 4,034 shares of 707 Cayman stock. The shares were sold at an average price of $7.20, for a total value of $29,044.80.
• On Wednesday, July 8th, Financial Lp Hrt sold 9,360 shares of 707 Cayman stock. The shares were sold at an average price of $13.56, for a total value of $126,921.60.
• On Tuesday, July 7th, Financial Lp Hrt acquired 11,439 shares of 707 Cayman stock. The shares were purchased at an average cost of $16.32 per share, for a total transaction of $186,684.48.

707 Cayman Stock Down 7.0%

JEM opened at $0.50 on Tuesday. 707 Cayman Holdings Limited has a 1 year low of $0.38 and a 1 year high of $135.00. The firm’s fifty day moving average price is $1.77 and its two-hundred day moving average price is $2.28.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of 707 Cayman from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, 707 Cayman has an average rating of “Sell”.

Hedge Funds Weigh In On 707 Cayman

An institutional investor recently bought a new position in 707 Cayman stock. Geode Capital Management LLC bought a new position in 707 Cayman Holdings Limited (NASDAQ:JEM) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 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.