Creative Global Technology Holdings Ltd’s (NASDAQ:CGTL) Lock-Up Period To End on May 26th

Creative Global Technology’s (NASDAQ:CGTL) lock-up period will expire on Monday, May 26th. Creative Global Technology had issued 1,250,000 shares in its initial public offering on November 26th. The total size of the offering was $5,000,000 based on an initial share price of $4.00. After the end of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Creative Global Technology Stock Performance

Shares of CGTL opened at $0.99 on Friday. Creative Global Technology has a fifty-two week low of $0.81 and a fifty-two week high of $10.59. The firm has a 50-day simple moving average of $3.24.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Creative Global Technology stock. Citadel Advisors LLC bought a new stake in shares of Creative Global Technology Holdings Ltd (NASDAQ:CGTL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 114,332 shares of the company’s stock, valued at approximately $914,000. Citadel Advisors LLC owned 0.53% of Creative Global Technology as of its most recent SEC filing.

About Creative Global Technology

Mission Consumer electronic devices have a limited life, but some rest idle with meaningful useful life left. We help make every minute of recycled consumer electronic devices’ lives count with our expertise in quickly connecting their demands and supplies, thereby facilitating the circular economy in the consumer electronic devices business and reducing waste.