GigaCloud Technology Shares Halted On Circuit Breaker To The Upside, Stock Now Down -28.9%
Portfolio Pulse from Benzinga Newsdesk
Shares of GigaCloud Technology were halted due to a circuit breaker triggered by a significant upside movement. However, the stock is currently down by 28.9%.
February 20, 2024 | 3:11 pm
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GigaCloud Technology shares were halted on a circuit breaker due to a significant upside, but are currently down 28.9%.
The halt in trading due to the circuit breaker indicates a volatile trading session for GCT. The subsequent 28.9% drop suggests a negative market reaction or a correction after an initial spike. This volatility is likely to influence investor sentiment in the short term, potentially leading to further price fluctuations.
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