Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. GigaCloud Technology Inc shares valued at $1,439,803 were purchased by DCM AFFILIATES FUND IV LP on Dec 05 ’24. At $21.80 per share, DCM AFFILIATES FUND IV LP acquired 66,046 shares.
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Also, DCM IV LP purchased 2,597,030 shares, netting a total of over 56,615,254 in proceeds.
Before that, Dongsi Tou Tiao Limited Truste had added 150,000 shares to its account. In a trade valued at $3,243,000, the Officer bought GigaCloud Technology Inc shares for $21.62 each.
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 drop of approximately -2.10%. Over the course of the year, GigaCloud Technology Inc shares have jumped approximately 32.60%. Shares of the company reached a 52-week high of $45.18 on 03/15/24 and a 52-week low of $15.61 on 09/16/24. A 50-day SMA is recorded $24.36, while a 200-day SMA reached $28.27. Nevertheless, trading volume fell to 0.81 million shares from 0.76 million shares the previous day.
Support And Resistance Levels for GigaCloud Technology Inc (GCT)
According to the 24-hour chart, there is a support level at 23.76, which, if violated, would cause prices to drop to 23.25. In the upper region, resistance lies at 25.21. The next price resistance is at 26.15. RSI (Relative Strength Index) is 50.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.39, which suggests the price will decrease in the coming days. Percent R is at 31.32%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
