GigaCloud Technology Inc’s recent filing unveils that its Head of BaaS Program Bernes Marshall acquired Company’s shares for reported $87500.0 on Dec 27 ’24. In the deal valued at $17.50 per share,5,000 shares were bought. As a result of this transaction, Bernes Marshall now holds 45,000 shares worth roughly $0.96 million.
Then, WAN XIN sold 466 shares, generating $9,320 in total proceeds. Upon selling the shares at $20.00, the Chief Technology Officer now owns 0 shares.
Before that, WAN XIN sold 68,437 shares. GigaCloud Technology Inc shares valued at $1,398,103 were divested by the Chief Technology Officer at a price of $20.43 per share. As a result of the transaction, WAN XIN now holds 1,563 shares, worth roughly $33448.2.
Lake Street initiated its GigaCloud Technology Inc [GCT] rating to a Buy in a research note published on July 29, 2024; the price target was $50. A number of analysts have revised their coverage, including Maxim Group’s analysts, who began to cover the stock in late May with a ‘”a Buy”‘ rating. ROTH MKM began covering GCT with “Buy” recommendation on June 16, 2023. Aegis Capital started covering the stock on October 03, 2022. It rated GCT as “a Buy”.
Price Performance Review of GCT
On Monday, GigaCloud Technology Inc [NASDAQ:GCT] saw its stock jump 9.24% to $21.40. Over the last five days, the stock has gained 21.80%. GigaCloud Technology Inc shares have risen nearly 15.55% since the year began. Nevertheless, the stocks have risen 4.54% over the past one year. While a 52-week high of $45.18 was reached on 01/06/25, a 52-week low of $15.61 was recorded on 01/02/25. SMA at 50 days reached $22.18, while 200 days put it at $26.70.
Levels Of Support And Resistance For GCT Stock
The 24-hour chart illustrates a support level at 20.35, which if violated will result in even more drops to 19.30. On the upside, there is a resistance level at 22.17. A further resistance level may holdings at 22.95. The Relative Strength Index (RSI) on the 14-day chart is 55.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.35, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.80%. Stochastics %K at 66.02% indicates the stock is a holding.
How much short interest is there in GigaCloud Technology Inc?
A steep rise in short interest was recorded in GigaCloud Technology Inc stocks on 2024-12-13, dropping by -0.55 million shares to a total of 5.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 6.51 million shares. There was a decline of -9.25%, which implies that there is a negative sentiment for the stock.
