WORK Medical Technology Group (NASDAQ:WOK) Stock Rating Upgraded by Wall Street Zen

WORK Medical Technology Group (NASDAQ:WOK) was upgraded by Wall Street Zen to a “sell” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reaffirmed 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, According to MarketBeat, WORK Medical Technology Group has an average rating of “Sell”.

WORK Medical Technology Group Price Performance

WOK stock opened at $2.22 on Friday. WORK Medical Technology Group has a twelve month low of $1.78 and a twelve month high of $930,000.00. The company’s 50 day moving average is $73.26 and its two-hundred day moving average is $1,262.37.

Insider Buying and Selling at WORK Medical Technology Group

In related news, major shareholder Financial Lp Hrt sold 136,665 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $3.87, for a total value of $528,893.55. Following the completion of the sale, 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 Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders bought 960,133 shares of company stock valued at $957,353 and sold 180,440 shares valued at $984,223.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in WORK Medical Technology Group stock. Sabby Management LLC acquired a new stake in WORK Medical Technology Group LTD (NASDAQ:WOK) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,724,004 shares of the company’s stock, valued at approximately $204,000. WORK Medical Technology Group comprises 0.2% of Sabby Management LLC’s holdings, making the stock its 18th biggest position. Sabby Management LLC owned approximately 590.89% of WORK Medical Technology Group as of its most recent filing with the Securities and Exchange Commission (SEC).

WORK Medical Technology Group Company Profile

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.