386,643 Shares in GigInternational1, Inc. $GIW Bought by Wolverine Asset Management LLC

Wolverine Asset Management LLC acquired a new position in shares of GigInternational1, Inc. (NASDAQ:GIW) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 386,643 shares of the company’s stock, valued at approximately $3,824,000.

Separately, Gritstone Asset Management LLC bought a new stake in shares of GigInternational1 in the 4th quarter valued at approximately $494,000. Institutional investors and hedge funds own 14.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of GigInternational1 in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

GigInternational1 Price Performance

Shares of NASDAQ GIW opened at $10.02 on Tuesday. The business has a 50 day simple moving average of $9.99 and a 200 day simple moving average of $9.97. GigInternational1, Inc. has a 52 week low of $9.87 and a 52 week high of $10.05.

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.