Clear Street Group Inc. Buys New Holdings in GigInternational1, Inc. $GIW

Clear Street Group Inc. bought a new stake in shares of GigInternational1, Inc. (NASDAQ:GIW) in the 4th quarter, Holdings Channel.com reports. The firm bought 346,892 shares of the company’s stock, valued at approximately $3,431,000.

Several other institutional investors also recently bought and sold shares of GIW. Quarry LP purchased a new stake in GigInternational1 during the 4th quarter valued at about $47,000. Geode Capital Management LLC purchased a new stake in GigInternational1 during the 4th quarter valued at about $193,000. ABC Arbitrage SA purchased a new stake in GigInternational1 during the 4th quarter valued at about $396,000. Gritstone Asset Management LLC purchased a new stake in GigInternational1 during the 4th quarter valued at about $494,000. Finally, DLD Asset Management LP purchased a new stake in GigInternational1 during the 4th quarter valued at about $1,319,000. 14.01% of the stock is currently owned by hedge funds and other institutional investors.

GigInternational1 Trading Up 0.1%

NASDAQ GIW opened at $10.06 on Friday. GigInternational1, Inc. has a fifty-two week low of $9.87 and a fifty-two week high of $10.09. The stock has a 50 day simple moving average of $10.03 and a two-hundred day simple moving average of $9.97.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded 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, the company presently has an average 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.