707 Cayman Holdings Limited’s Lock-Up Period Will Expire on December 8th (NASDAQ:JEM)

707 Cayman’s (NASDAQ:JEM) lock-up period will end on Monday, December 8th. 707 Cayman had issued 2,500,000 shares in its IPO on June 9th. The total size of the offering was $10,000,000 based on an initial share price of $4.00. After the expiration of 707 Cayman’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e-)” rating on shares of 707 Cayman in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

707 Cayman Stock Performance

JEM opened at $0.25 on Monday. The company’s 50 day simple moving average is $0.33. 707 Cayman has a 52-week low of $0.25 and a 52-week high of $7.90.

Institutional Inflows and Outflows

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 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned 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.