Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. GigaCloud Technology Inc shares valued at $4,518,733 were sold by Lin Frank Hurst on Jun 28 ’24. At $30.19 per share, Lin Frank Hurst sold 149,693 shares. The insider’s holdings dropped to 4,069,889 shares worth approximately $100.97 million following the completion of this transaction.
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Also, SCHROCK IMAN AJ sold 5,000 shares, netting a total of over 151,061 in proceeds. Following the sale of shares at $30.21 each, the insider now holds 25,000 shares.
Before that, Lin Frank Hurst had sold 134,559 shares from its account. In a trade valued at $4,035,073, the Director traded GigaCloud Technology Inc shares for $29.99 each. Upon closing the transaction, the insider’s holdings decreased to 134,559 shares, worth approximately $107.0 million.
As published in their initiating research note from Lake Street on July 29, 2024, GigaCloud Technology Inc [GCT] has been a Buy and the price target has been revised to $50. Analysts at Maxim Group started covering the stock with ‘”a Buy”‘ outlook in a report released in late May. As of June 16, 2023, ROTH MKM has initiated its “Buy” rating for GCT. Earlier on October 03, 2022, Aegis Capital initiated its rating. Their recommendation was “a Buy” for GCT stock.
Analyzing GCT Stock Performance
During the last five days, there has been a surge of approximately 0.94%. Over the course of the year, GigaCloud Technology Inc shares have jumped approximately 35.61%. Nevertheless, trading volume fell to 1.41 million shares from 1.14 million shares the previous day.
Support And Resistance Levels for GigaCloud Technology Inc (GCT)
RSI (Relative Strength Index) is 52.98 on the 14-day chart, showing neutral technical sentiment.
