GigCapital4 (NYSEMKT:GIG) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Shares of GigCapital4, Inc. (NYSEMKT:GIGGet Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $10.04 and traded as high as $10.05. GigCapital4 shares last traded at $10.11, with a volume of 0 shares traded.

GigCapital4 Price Performance

The firm’s 50 day simple moving average is $10.04.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. ATW Spac Management LLC acquired a new position in shares of GigCapital4 in the 3rd quarter worth approximately $1,102,000. Glazer Capital LLC bought a new position in GigCapital4 in the 3rd quarter valued at $2,386,000. Finally, Berkley W R Corp acquired a new position in GigCapital4 in the third quarter worth $2,701,000.

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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