GigInternational1, Inc. (NASDAQ:GIW – Get Free Report)’s stock price fell 0.1% on Friday . The stock traded as low as $10.09 and last traded at $10.09. Approximately 11,741 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 63,077 shares. The stock had previously closed at $10.10.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded shares of GigInternational1 from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, GigInternational1 currently has a consensus rating of “Sell”.
View Our Latest Research Report on GigInternational1
GigInternational1 Stock Performance
GigInternational1 (NASDAQ:GIW – Get Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of GIW. Quarry LP purchased a new stake in GigInternational1 in the 4th quarter worth approximately $47,000. Geode Capital Management LLC acquired a new stake in shares of GigInternational1 during the 4th quarter worth approximately $193,000. Lineage Point Capital LP purchased a new position in shares of GigInternational1 during the 4th quarter valued at approximately $346,000. Stoic Point Capital Management LLC purchased a new position in shares of GigInternational1 during the 4th quarter valued at approximately $391,000. Finally, ABC Arbitrage SA purchased a new position in shares of GigInternational1 during the 4th quarter valued at approximately $396,000. 14.01% of the stock is currently owned by hedge funds and other institutional investors.
About GigInternational1
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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