GigCapital4 (NYSEMKT:GIG) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

GigCapital4, Inc. (NYSEMKT:GIGGet Free Report)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $9.99 and traded as high as $10.05. GigCapital4 shares last traded at $10.05, with a volume of 239 shares.

GigCapital4 Price Performance

The business’s 50 day moving average price is $9.99.

Institutional Trading of GigCapital4

Large investors have recently made changes to their positions in the company. ATW Spac Management LLC acquired a new stake in GigCapital4 during the 3rd quarter worth approximately $1,102,000. Glazer Capital LLC acquired a new stake in shares of GigCapital4 during the third quarter worth $2,386,000. Finally, Berkley W R Corp acquired a new stake in shares of GigCapital4 during the third quarter worth $2,701,000.

About GigCapital4

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GigCapital4, Inc does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more operating businesses or assets. The company was incorporated in 2020 and is headquartered in Palo Alto, California.

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