GigCapital4 (NYSEMKT:GIG) Shares Cross Above 50 Day Moving Average – Here’s Why

GigCapital4, Inc. (NYSEMKT:GIG)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $9.99 and traded as high as $10.05. GigCapital4 shares last traded at $10.05, with a volume of 239 shares.

GigCapital4 Stock Up 0.2 %

The stock’s fifty day simple moving average is $9.99.

Institutional Trading of GigCapital4

Institutional investors have recently added to or reduced their stakes in the stock. Berkley W R Corp acquired a new stake in GigCapital4 during the 3rd quarter worth about $2,701,000. Glazer Capital LLC acquired a new position in shares of GigCapital4 in the 3rd quarter valued at about $2,386,000. Finally, ATW Spac Management LLC bought a new stake in shares of GigCapital4 during the 3rd quarter valued at about $1,102,000.

About GigCapital4

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.