GigCapital7 (NASDAQ:GIG) Earns "Sell (D)" Rating from Weiss Ratings

Key Points

• GigCapital7's stock has received a reiterated "sell (D)" rating from Weiss Ratings, indicating a negative outlook from analysts.
• Despite the downgrade, GigCapital7's stock traded up by 4.4% to $11.40, with significant trading volume of over 2 million shares.
• Institutional investments in GigCapital7 have been active, with new stakes and increases in existing positions contributing to its stock dynamics.

GigCapital7 (NASDAQ:GIG - Get Free Report)'s stock had its "sell (d)" rating reiterated by analysts at Weiss Ratings in a report released on Tuesday,Weiss Ratings reports.

GigCapital7 Trading Up 4.4%

GIG traded up $0.48 during trading on Tuesday, hitting $11.40. The company had a trading volume of 2,168,402 shares, compared to its average volume of 199,617. GigCapital7 has a one year low of $9.93 and a one year high of $11.66. The firm's 50-day moving average price is $10.46 and its 200 day moving average price is $10.34.

GigCapital7 (NASDAQ:GIG - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The company reported $0.05 EPS for the quarter.

Institutional Investors Weigh In On GigCapital7

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Radcliffe Capital Management L.P. bought a new stake in GigCapital7 during the 2nd quarter worth about $163,000. PNC Financial Services Group Inc. bought a new stake in GigCapital7 during the 1st quarter worth about $761,000. Wealthspring Capital LLC bought a new stake in GigCapital7 during the 2nd quarter worth about $832,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in GigCapital7 during the 2nd quarter worth about $5,270,000. Finally, Wolverine Asset Management LLC lifted its position in GigCapital7 by 86.3% during the 1st quarter. Wolverine Asset Management LLC now owns 563,976 shares of the company's stock worth $5,741,000 after buying an additional 261,316 shares in the last quarter.

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.

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