GigCapital4 (NYSEMKT:GIG) Stock Crosses Above Fifty Day Moving Average - Here's What Happened

GigCapital4, Inc. (NYSEMKT:GIG - Get Free Report)'s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $10.08 and traded as high as $10.12. GigCapital4 shares last traded at $10.15, with a volume of 0 shares trading hands.

GigCapital4 Trading Down 0.3 %

The business's fifty day moving average price is $10.09 and its two-hundred day moving average price is $10.01.

Institutional Trading of GigCapital4

An institutional investor recently bought a new position in GigCapital4 stock. Berkley W R Corp bought a new position in shares of GigCapital4, Inc. (NYSEMKT:GIG - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 271,958 shares of the technology company's stock, valued at approximately $2,701,000. Berkley W R Corp owned approximately 0.82% of GigCapital4 as of its most recent SEC filing.

GigCapital4 Company Profile

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.