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

Key Points

• Wolverine Asset Management LLC purchased a new position of 386,643 shares of GigInternational1 (NASDAQ:GIW) in Q4, worth about $3.82 million and representing roughly 1.43% of the company.
• Analysts hold a consensus "Sell" rating on GIW, with Weiss Ratings recently reaffirming a sell recommendation.
• GigInternational1 is a blank‑check company with no significant operations, formed to pursue a merger or acquisition in technology, media, telecommunications, aerospace/defense, mobility or semiconductors.

Wolverine Asset Management LLC purchased a new position in GigInternational1, Inc. (NASDAQ:GIW - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 386,643 shares of the company's stock, valued at approximately $3,824,000. Wolverine Asset Management LLC owned approximately 1.43% of GigInternational1 at the end of the most recent quarter.

Separately, Gritstone Asset Management LLC purchased a new position in GigInternational1 during the 4th quarter valued at about $494,000. 14.01% of the stock is owned by institutional investors.

GigInternational1 Price Performance

NASDAQ:GIW opened at $10.02 on Tuesday. GigInternational1, Inc. has a fifty-two week low of $9.87 and a fifty-two week high of $10.05. The stock's 50-day moving average is $9.99 and its two-hundred day moving average is $9.97.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed 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 data from MarketBeat, GigInternational1 presently has a consensus rating of "Sell".

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.