GigCapital4 (NYSEMKT:GIG) Shares Cross Above 50 Day Moving Average – Should You Sell?

GigCapital4, Inc. (NYSEMKT:GIGGet Free Report)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $9.98 and traded as high as $10.01. GigCapital4 shares last traded at $10.01, with a volume of 306 shares.

GigCapital4 Stock Performance

The firm’s 50-day moving average price is $9.98.

Hedge Funds Weigh In On GigCapital4

Several hedge funds have recently modified their holdings of the stock. Berkley W R Corp acquired a new position in GigCapital4 in the 3rd quarter worth approximately $2,701,000. Glazer Capital LLC acquired a new position in GigCapital4 in the 3rd quarter worth approximately $2,386,000. Finally, ATW Spac Management LLC acquired a new position in GigCapital4 in the 3rd quarter worth approximately $1,102,000.

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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