PNC Financial Services Group Inc. Takes $761,000 Position in GigCapital7 Corp. (NASDAQ:GIG)

PNC Financial Services Group Inc. bought a new stake in shares of GigCapital7 Corp. (NASDAQ:GIG) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 75,200 shares of the company’s stock, valued at approximately $761,000.

Several other large investors have also recently bought and sold shares of GIG. Tabor Asset Management LP acquired a new position in GigCapital7 during the 1st quarter valued at $17,829,000. Westchester Capital Management LLC acquired a new position in GigCapital7 during the 4th quarter valued at $9,580,000. Calamos Advisors LLC acquired a new position in GigCapital7 during the 1st quarter valued at $9,407,000. Whitebox Advisors LLC acquired a new position in GigCapital7 during the 4th quarter valued at $7,600,000. Finally, Bulldog Investors LLP bought a new stake in GigCapital7 in the 4th quarter valued at $3,580,000.

GigCapital7 Price Performance

Shares of GigCapital7 stock opened at $10.37 on Tuesday. The company’s fifty day moving average price is $10.37 and its two-hundred day moving average price is $10.22. GigCapital7 Corp. has a 52-week low of $9.89 and a 52-week high of $10.43.

GigCapital7 (NASDAQ:GIG) last announced its quarterly earnings results on Friday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter.

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.