707 Cayman (NASDAQ:JEM) Raised to “Hold” at Wall Street Zen

707 Cayman (NASDAQ:JEM) was upgraded by stock analysts at Wall Street Zen to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings lowered shares of 707 Cayman from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, 707 Cayman currently has an average rating of “Sell”.

707 Cayman Stock Up 34.0%

Shares of 707 Cayman stock opened at $6.35 on Friday. The company has a 50 day moving average price of $19.29 and a 200 day moving average price of $25.06. 707 Cayman has a 52 week low of $3.40 and a 52 week high of $1,620.00.

Insider Activity

In other news, 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 purchased at an average price of $1.07 per share, with a total value of $134,724.77. Following the completion of the acquisition, the insider directly owned 186,419 shares of the company’s stock, valued at $199,468.33. This trade represents a 208.09% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders bought 147,842 shares of company stock valued at $456,127 and sold 61,812 shares valued at $185,017.

Hedge Funds Weigh In On 707 Cayman

A hedge fund recently bought a new stake in 707 Cayman stock. Geode Capital Management LLC acquired a new position in 707 Cayman Holdings Limited (NASDAQ:JEM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned approximately 0.06% of 707 Cayman at the end of the most recent quarter.

About 707 Cayman

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.