AiRWA (NASDAQ:YYAI) Major Shareholder Financial Lp Hrt Sells 885,977 Shares of Stock

AiRWA Inc. (NASDAQ:YYAI) major shareholder Financial Lp Hrt sold 885,977 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $0.08, for a total value of $70,878.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Major 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 Monday, August 10th, Financial Lp Hrt sold 421,879 shares of AiRWA stock. The stock was sold at an average price of $0.08, for a total value of $33,750.32.
• On Friday, August 7th, Financial Lp Hrt acquired 75,985 shares of AiRWA stock. The shares were bought at an average price of $0.08 per share, for a total transaction of $6,078.80.
• On Tuesday, August 4th, Financial Lp Hrt sold 414,525 shares of AiRWA stock. The shares were sold at an average price of $0.02, for a total transaction of $8,290.50.

AiRWA Stock Down 11.6%

YYAI stock opened at $0.06 on Friday. The firm has a 50 day moving average of $5.75 and a 200 day moving average of $23.77. The stock has a market capitalization of $59,325.00, a PE ratio of 0.00 and a beta of -1.61. AiRWA Inc. has a 52 week low of $0.05 and a 52 week high of $10,576.80.

AiRWA shares are scheduled to reverse split before the market opens on Monday, August 17th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, August 16th.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of AiRWA in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, AiRWA has an average rating of “Sell”.

Institutional Investors Weigh In On AiRWA

Institutional investors and hedge funds have recently modified their holdings of the company. XTX Topco Ltd boosted its position in AiRWA by 12.5% in the second quarter. XTX Topco Ltd now owns 50,761 shares of the company’s stock valued at $45,000 after buying an additional 5,630 shares during the last quarter. Jane Street Group LLC lifted its stake in AiRWA by 47.7% during the 4th quarter. Jane Street Group LLC now owns 71,054 shares of the company’s stock valued at $55,000 after acquiring an additional 22,951 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of AiRWA by 7.2% in the 2nd quarter. Geode Capital Management LLC now owns 90,581 shares of the company’s stock valued at $81,000 after acquiring an additional 6,116 shares during the last quarter. Institutional investors and hedge funds own 4.03% of the company’s stock.

About AiRWA

Connexa Sports Technologies Inc engages in the sports equipment and technology business in the United States. The company offers Slinger Launcher, a portable padel tennis ball launcher and pickleball launcher; and Slinger Bag Launcher, a ball launcher built into transport wheeled trolley bag. It also provides Gameface, AI technology and performance analytics for sports. Connexa Sports Technologies Inc is based in Windsor Mill, Maryland.