GigCapital7 Corp. (NASDAQ:GIG - Get Free Report) shares were down 0.2% on Thursday . The company traded as low as $10.40 and last traded at $10.40. Approximately 100 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 11,046 shares. The stock had previously closed at $10.42.
GigCapital7 Stock Performance
The firm's fifty day simple moving average is $10.31.
Institutional Investors Weigh In On GigCapital7
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Westchester Capital Management LLC raised its holdings in shares of GigCapital7 by 4.2% in the 1st quarter. Westchester Capital Management LLC now owns 999,000 shares of the company's stock valued at $10,110,000 after purchasing an additional 40,000 shares in the last quarter. Wolverine Asset Management LLC raised its holdings in shares of GigCapital7 by 86.3% in the 1st quarter. Wolverine Asset Management LLC now owns 563,976 shares of the company's stock valued at $5,741,000 after purchasing an additional 261,316 shares in the last quarter. PNC Financial Services Group Inc. purchased a new position in shares of GigCapital7 in the 1st quarter valued at $761,000. Tabor Asset Management LP purchased a new position in shares of GigCapital7 in the 1st quarter valued at $17,829,000. Finally, Calamos Advisors LLC purchased a new position in shares of GigCapital7 in the 1st quarter valued at $9,407,000.
GigCapital7 Company Profile
(
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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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