Financial Lp Hrt Sells 136,665 Shares of WORK Medical Technology Group (NASDAQ:WOK) Stock

WORK Medical Technology Group LTD (NASDAQ:WOK) major shareholder Financial Lp Hrt sold 136,665 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $3.87, for a total transaction of $528,893.55. Following the completion of the transaction, the insider directly owned 123,944 shares of the company’s stock, valued at $479,663.28. This represents a 52.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own more than 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 Wednesday, June 17th, Financial Lp Hrt purchased 880,456 shares of WORK Medical Technology Group stock. The shares were acquired at an average cost of $0.05 per share, for a total transaction of $44,022.80.
• On Tuesday, June 16th, Financial Lp Hrt sold 29,045 shares of WORK Medical Technology Group stock. The shares were sold at an average price of $6.00, for a total value of $174,270.00.
• On Monday, June 15th, Financial Lp Hrt purchased 2,689 shares of WORK Medical Technology Group stock. The stock was acquired at an average cost of $10.00 per share, for a total transaction of $26,890.00.
• On Friday, June 12th, Financial Lp Hrt purchased 481 shares of WORK Medical Technology Group stock. The stock was acquired at an average price of $8.00 per share, with a total value of $3,848.00.
• On Monday, June 8th, Financial Lp Hrt acquired 22,611 shares of WORK Medical Technology Group stock. The shares were bought at an average cost of $11.00 per share, with a total value of $248,721.00.
• On Friday, June 5th, Financial Lp Hrt acquired 545 shares of WORK Medical Technology Group stock. The shares were bought at an average price of $9.00 per share, for a total transaction of $4,905.00.
• On Thursday, June 4th, Financial Lp Hrt acquired 13,700 shares of WORK Medical Technology Group stock. The shares were bought at an average price of $10.00 per share, for a total transaction of $137,000.00.
• On Tuesday, June 2nd, Financial Lp Hrt sold 17,579 shares of WORK Medical Technology Group stock. The stock was sold at an average price of $11.00, for a total transaction of $193,369.00.
• On Monday, June 1st, Financial Lp Hrt bought 27,463 shares of WORK Medical Technology Group stock. The shares were bought at an average price of $14.00 per share, with a total value of $384,482.00.
• On Friday, May 29th, Financial Lp Hrt sold 26,196 shares of WORK Medical Technology Group stock. The stock was sold at an average price of $10.00, for a total transaction of $261,960.00.

WORK Medical Technology Group Stock Down 6.1%

WOK opened at $2.46 on Thursday. The company has a fifty day moving average of $77.83 and a 200 day moving average of $1,926.23. WORK Medical Technology Group LTD has a fifty-two week low of $1.78 and a fifty-two week high of $930,000.00.

Analyst Ratings Changes

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

Institutional Trading of WORK Medical Technology Group

An institutional investor recently bought a new stake in WORK Medical Technology Group stock. Sabby Management LLC bought a new stake in shares of WORK Medical Technology Group LTD (NASDAQ:WOK) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 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 portfolio, making the stock its 18th biggest holding. Sabby Management LLC owned about 590.89% of WORK Medical Technology Group at the end of the most recent reporting period.

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.