Periscope Capital Inc. bought a new position in shares of GigInternational1, Inc. (NASDAQ:GIW – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 358,900 shares of the company’s stock, valued at approximately $3,551,000. Periscope Capital Inc. owned 1.33% of GigInternational1 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in GigInternational1 during the fourth quarter worth $2,968,000. BNP Paribas Financial Markets bought a new position in GigInternational1 during the fourth quarter worth $4,779,000. Geode Capital Management LLC bought a new stake in GigInternational1 in the 4th quarter valued at $193,000. ABC Arbitrage SA bought a new stake in GigInternational1 in the 4th quarter valued at $396,000. Finally, Wolverine Asset Management LLC bought a new stake in GigInternational1 in the 4th quarter valued at $3,824,000. Institutional investors own 14.01% of the company’s stock.
GigInternational1 Price Performance
Shares of GigInternational1 stock opened at $10.05 on Friday. The company’s fifty day moving average price is $10.01 and its two-hundred day moving average price is $9.96. GigInternational1, Inc. has a 52-week low of $9.87 and a 52-week high of $10.06.
Analyst Upgrades and Downgrades
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GigInternational1 Company Profile
GigInternational1, Inc, does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to focus its search on companies in the technology, media, telecommunications, aerospace and defense, and mobility and semiconductor industries. The company was incorporated in 2021 and is based in Palo Alto, California.
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