707 Cayman (NASDAQ:JEM) Upgraded to Hold at Wall Street Zen

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

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

707 Cayman Trading Up 34.0%

Shares of NASDAQ:JEM opened at $6.35 on Friday. 707 Cayman has a 12-month low of $3.40 and a 12-month high of $1,620.00. The business’s fifty day simple moving average is $19.29 and its 200-day simple moving average is $25.06.

Insiders Place Their Bets

In other 707 Cayman news, major shareholder Financial Lp Hrt sold 4,034 shares of the firm’s stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $7.20, for a total value of $29,044.80. Following the completion of the sale, the insider directly owned 11,500 shares in the company, valued at $82,800. This trade represents a 25.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have purchased 147,842 shares of company stock valued at $456,127 and have sold 61,812 shares valued at $185,017.

Institutional Trading of 707 Cayman

An institutional investor recently bought a new stake in 707 Cayman stock. Geode Capital Management LLC acquired 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. The firm 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 reporting period.

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.