GigCapital3 Inc. (NYSE:GIK) went down by -5.82% from its latest closing price compared to the recent 1-year high of $17.36. The company’s stock price has collected 0.07% of gains in the last five trading sessions. Press Release reported on 02/09/21 that Lightning eMotors Names New Chief Revenue Officer
Is It Worth Investing in GigCapital3 Inc. (NYSE :GIK) Right Now?
Today, the average trading volume of GIK was 2.68M shares.
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GIK’s Market Performance
GIK stocks went up by 0.07% for the week, with a monthly drop of -15.38% and a quarterly performance of 40.04%. The volatility ratio for the week stands at 8.18% while the volatility levels for the past 30 days are set at 6.74% for GigCapital3 Inc.. The simple moving average for the period of the last 20 days is -7.19% for GIK stocks with a simple moving average of 21.87% for the last 200 days.
GIK Trading at -1.72% from the 50-Day Moving Average
After a stumble in the market that brought GIK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.82% of loss for the given period.
Volatility was left at 6.74%, however, over the last 30 days, the volatility rate increased by 8.18%, as shares sank -13.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.43% upper at present.
During the last 5 trading sessions, GIK rose by +0.07%, in comparison to the 20-day moving average, which settled at $14.89. In addition, GigCapital3 Inc. saw 5.61% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at GIK starting from GLAZER CAPITAL, LLC, who sale 750,000 shares at the price of $14.50 back on Dec 10. After this action, GLAZER CAPITAL, LLC now owns 2,447,307 shares of GigCapital3 Inc., valued at $10,875,000 using the latest closing price.
GLAZER CAPITAL, LLC, the 10% Owner of GigCapital3 Inc., sale 100 shares at $10.67 during a trade that took place back on Sep 09, which means that GLAZER CAPITAL, LLC is holding 3,197,307 shares at $1,067 based on the most recent closing price.