707 Cayman (NASDAQ:JEM) Trading Down 9.3% – Should You Sell?

Shares of 707 Cayman Holdings Limited (NASDAQ:JEM) were down 9.3% during trading on Wednesday . The stock traded as low as $2.20 and last traded at $2.35. Approximately 468,903 shares were traded during trading, a decline of 16% from the average daily volume of 559,785 shares. The stock had previously closed at $2.59.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded 707 Cayman to a “hold” rating in a report on Saturday, July 5th.

707 Cayman Stock Down 9.3%

The firm’s 50-day simple moving average is $4.53.

Institutional Investors Weigh In On 707 Cayman

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