GigaCloud Technology Inc. (NASDAQ:GCT - Get Free Report) CTO Xin Wan sold 68,437 shares of the company's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $20.43, for a total transaction of $1,398,167.91. Following the completion of the transaction, the chief technology officer now directly owns 1,563 shares in the company, valued at $31,932.09. This trade represents a 97.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Xin Wan also recently made the following trade(s):
- On Friday, December 6th, Xin Wan sold 80,000 shares of GigaCloud Technology stock. The shares were sold at an average price of $22.14, for a total value of $1,771,200.00.
GigaCloud Technology Price Performance
Shares of GigaCloud Technology stock opened at $19.69 on Wednesday. The firm has a market cap of $806.74 million, a price-to-earnings ratio of 6.23 and a beta of 1.74. The stock has a 50-day simple moving average of $23.82 and a 200-day simple moving average of $25.05. GigaCloud Technology Inc. has a 52-week low of $13.29 and a 52-week high of $45.18.
Institutional Trading of GigaCloud Technology
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Institutional investors have recently added to or reduced their stakes in the business. Amalgamated Bank acquired a new position in shares of GigaCloud Technology during the 2nd quarter worth $25,000. MFA Wealth Advisors LLC bought a new stake in GigaCloud Technology in the third quarter worth $26,000. New York State Teachers Retirement System acquired a new position in GigaCloud Technology during the third quarter worth $49,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in GigaCloud Technology during the third quarter valued at about $51,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in shares of GigaCloud Technology in the second quarter worth about $66,000. 34.94% of the stock is currently owned by institutional investors and hedge funds.
About GigaCloud Technology
(
Get Free Report)
GigaCloud Technology Inc provides end-to-end B2B ecommerce solutions for large parcel merchandise in the United States and internationally. The company offers GigaCloud Marketplace integrates product discovery to payments to logistics tools into one easy-to-use platform. Its marketplace connects manufacturers primarily in Asia with resellers in the United States, Asia, and Europe to execute cross-border transactions across furniture, home appliance, fitness equipment, and other large parcel categories.
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