GigCapital7 (NASDAQ:GIG) Stock Price Down 0.2% – Here’s Why

GigCapital7 Corp. (NASDAQ:GIG) shares dropped 0.2% during mid-day trading on Thursday . The stock traded as low as $10.40 and last traded at $10.40. Approximately 100 shares traded hands during trading, a decline of 99% from the average daily volume of 11,046 shares. The stock had previously closed at $10.42.

GigCapital7 Stock Down 0.2%

The stock has a 50-day moving average of $10.30.

Hedge Funds Weigh In On GigCapital7

Several hedge funds have recently made changes to their positions in the business. Tabor Asset Management LP bought a new stake in shares of GigCapital7 during the first quarter valued at approximately $17,829,000. Westchester Capital Management LLC purchased a new position in shares of GigCapital7 in the fourth quarter worth $9,580,000. Calamos Advisors LLC purchased a new position in shares of GigCapital7 in the first quarter worth $9,407,000. Whitebox Advisors LLC purchased a new position in shares of GigCapital7 in the fourth quarter worth $7,600,000. Finally, Picton Mahoney Asset Management purchased a new stake in GigCapital7 during the fourth quarter valued at $7,175,000.

GigCapital7 Company Profile

GigCapital7 Corp. is a blank check company or special purpose acquisition company. It was formed for the purpose of effecting a merger, capital share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded by Avishay S.