GigCapital4 (NYSEMKT:GIG) Share Price Passes Above 50-Day Moving Average – Here’s Why

GigCapital4, Inc. (NYSEMKT:GIGGet Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $9.98 and traded as high as $10.01. GigCapital4 shares last traded at $10.01, with a volume of 306 shares.

GigCapital4 Stock Down 0.1 %

The company’s 50-day simple moving average is $9.98.

Institutional Inflows and Outflows

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

About GigCapital4

(Get Free Report)

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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