Work Medical Technology Group Ltd [WOK] moved down -9.18: Why It’s Important

Work Medical Technology Group Ltd [NASDAQ: WOK] traded at a low on Thursday, posting a -9.18 loss after which it closed the day’ session at $0.44.

The results of the trading session contributed to over 224279 shares changing hands. Over the past one week, the price volatility of Work Medical Technology Group Ltd stands at 13.20% while the volatility over the past one month is 11.69%.

The market cap for WOK stock reached $6.36 million, with 14.59 million shares outstanding and 3.43 million shares in the current float. Compared to the average trading volume of 2.21M shares, WOK reached a trading volume of 224279 in the most recent trading day, which is why market watchdogs consider the stock to be active.

How has WOK stock performed recently?

Work Medical Technology Group Ltd [WOK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.85. With this latest performance, WOK shares dropped by -28.50% in over the last four-week period, additionally sinking by -92.69% over the last 6 months.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WOK stock in for the last two-week period is set at 33.59, with the RSI for the last a single of trading hit 40.01, and the three-weeks RSI is set at 31.67 for Work Medical Technology Group Ltd [WOK]. The present Moving Average for the last 50 days of trading for this stock 0.9082, while it was recorded at 0.4165 for the last single week of trading.

Insider trade positions for Work Medical Technology Group Ltd [WOK]

There are presently around $0.83%, or 1.45%% of WOK stock, in the hands of institutional investors.