GigaCloud Technology (NASDAQ:GIGGW) Stock Price Up 7.7% – Here’s Why

GigaCloud Technology Inc. (NASDAQ:GIGGW) rose 7.7% during mid-day trading on Thursday . The company traded as high as $0.70 and last traded at $0.6570. Approximately 135,389 shares were traded during mid-day trading, an increase of 282% from the average daily volume of 35,408 shares. The stock had previously closed at $0.61.

GigaCloud Technology Stock Up 7.7%

The firm has a fifty day simple moving average of $0.43.

GigaCloud Technology Inc is a publicly listed company that operates in the e-commerce and technology distribution sector. The company is principally involved in the online distribution and sales of consumer electronics and related products, with an emphasis on mobile devices, accessories and complementary hardware sold through digital channels.

GigaCloud’s activities center on connecting manufacturers, retailers and end customers through electronic marketplaces and distribution services.