300,000 Shares in GigInternational1, Inc. $GIW Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of GigInternational1, Inc. (NASDAQ:GIW) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 300,000 shares of the company’s stock, valued at approximately $2,968,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 1.11% of GigInternational1 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new position in GigInternational1 during the fourth quarter worth about $4,779,000. Wolverine Asset Management LLC acquired a new position in GigInternational1 during the fourth quarter worth about $3,824,000. Gritstone Asset Management LLC acquired a new position in GigInternational1 during the fourth quarter worth about $494,000. ABC Arbitrage SA acquired a new position in GigInternational1 during the fourth quarter worth about $396,000. Finally, Geode Capital Management LLC acquired a new position in GigInternational1 during the fourth quarter worth about $193,000. 14.01% of the stock is owned by institutional investors and hedge funds.

GigInternational1 Stock Down 0.2%

NASDAQ:GIW opened at $10.05 on Friday. The business’s 50-day moving average price is $10.02 and its 200 day moving average price is $9.97. GigInternational1, Inc. has a 52-week low of $9.87 and a 52-week high of $10.09.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised GigInternational1 from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, GigInternational1 currently has a consensus rating of “Sell”.

GigInternational1 Company Profile

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.