GigCapital7 (NASDAQ:GIG) Stock Price Up 0.2% – Here’s What Happened

Shares of GigCapital7 Corp. (NASDAQ:GIG) rose 0.2% on Thursday . The company traded as high as $10.41 and last traded at $10.41. Approximately 102 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 3,777 shares. The stock had previously closed at $10.39.

GigCapital7 Stock Up 0.2%

The business has a fifty day moving average price of $10.38 and a two-hundred day moving average price of $10.28.

GigCapital7 (NASDAQ:GIG) last announced its quarterly earnings data on Friday, August 8th. The company reported $0.05 earnings per share for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Radcliffe Capital Management L.P. acquired a new stake in GigCapital7 during the second quarter worth about $163,000. Toronto Dominion Bank acquired a new stake in GigCapital7 during the fourth quarter worth about $463,000. PNC Financial Services Group Inc. acquired a new stake in GigCapital7 during the first quarter worth about $761,000. Wealthspring Capital LLC acquired a new stake in GigCapital7 during the second quarter worth about $832,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in GigCapital7 during the second quarter worth about $5,270,000.

About GigCapital7

GigCapital7 Corp. is a blank check company or special purpose acquisition company. It was formed for the purpose of effecting a merger, capital share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded by Avishay S.