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GigCapital4 (NYSEMKT:GIG) Stock Price Passes Above 50-Day Moving Average - What's Next?

GigCapital4 logo with Unclassified background

GigCapital4, Inc. (NYSEMKT:GIG - Get Free Report)'s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty 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 traded.

GigCapital4 Price Performance

The firm's 50-day simple moving average is $9.99.

Institutional Investors Weigh In On GigCapital4

Several hedge funds have recently modified their holdings of GIG. Berkley W R Corp acquired a new position in GigCapital4 in the 3rd quarter worth approximately $2,701,000. Glazer Capital LLC purchased a new stake in shares of GigCapital4 in the third quarter valued at $2,386,000. Finally, ATW Spac Management LLC purchased a new stake in shares of GigCapital4 in the third quarter valued at $1,102,000.

GigCapital4 Company Profile

(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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