In a filing, GigaCloud Technology Inc revealed its Director Lin Frank Hurst unloaded Company’s shares for reported $2.76 million on Jun 27 ’24. In the deal valued at $29.66 per share,93,211 shares were sold. As a result of this transaction, Lin Frank Hurst now holds 4,219,582 shares worth roughly $128.36 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Lin Frank Hurst sold 134,559 shares, generating $4,035,073 in total proceeds. Upon selling the shares at $29.99, the Director now owns 4,312,793 shares.
Before that, Lin Frank Hurst sold 81,537 shares. GigaCloud Technology Inc shares valued at $2,432,443 were divested by the Director at a price of $29.83 per share. As a result of the transaction, Lin Frank Hurst now holds 4,447,352 shares, worth roughly $135.29 million.
Maxim Group initiated its GigaCloud Technology Inc [GCT] rating to a Buy in a research note published on May 22, 2024; the price target was $69. A number of analysts have revised their coverage, including ROTH MKM’s analysts, who began to cover the stock in mid June with a ‘”a Buy”‘ rating. Aegis Capital began covering GCT with “Buy” recommendation on October 03, 2022.
Price Performance Review of GCT
On Friday, GigaCloud Technology Inc [NASDAQ:GCT] saw its stock jump 1.00% to $30.42. Over the last five days, the stock has gained 3.72%. GigaCloud Technology Inc shares have risen nearly 66.27% since the year began. Nevertheless, the stocks have risen 297.13% over the past one year. While a 52-week high of $45.18 was reached on 03/15/24, a 52-week low of $6.70 was recorded on 01/03/24. SMA at 50 days reached $33.35, while 200 days put it at $23.29. A total of 5.21 million shares were traded, compared to the trading of 1.01 million shares in the previous session.
Levels Of Support And Resistance For GCT Stock
The 24-hour chart illustrates a support level at 29.50, which if violated will result in even more drops to 28.59. On the upside, there is a resistance level at 31.26. A further resistance level may holdings at 32.11. The Relative Strength Index (RSI) on the 14-day chart is 46.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.07%. Stochastics%K at 30.61% indicates the stock is a holding.
