Streetbeat News

GCT

GigaCloud Technology Inc.

https://www.gigacloudtech.com

Industry

Software - Infrastructure

GigaCloud Technology Inc. provides end-to-end B2B ecommerce solutions for large parcel merchandise. Its marketplace connects manufacturers primarily in Asia with resellers in the United States, Asia, and Europe to execute cross-border transactions across furniture, home appliance, fitness equipment, and other large parcel categories. The company was formerly known as Oriental Standard Human Resources Holdings Limited and changed its name to GigaCloud Technology Inc. in February 2021. GigaCloud Technology Inc. was founded in 2006 and is headquartered in Suzhou, China.

Open

22.27

Mkt cap

989M

Volume

High

24.61

P/E Ratio

7.62

52-wk high

45.18

Low

21.60

Div yield

N/A

52-wk low

8.70

Today's session highlighted significant whale activity in the options market for 10 consumer discretionary stocks, indicating potential trading opportunities. The activity involved both bullish and bearish sentiments across various stocks including TSLA, DKNG, NIO, PDD, AMZN, BABA, SHCO, HAS, HRB, and GCT, with trades focusing on both put and call options.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 5:35 pm

Today's whale activity in the Consumer Discretionary sector highlighted unusual options trading in stocks like TSLA, RIVN, SONO, F, BURL, AMZN, NIO, GCT, LI, and CPS. The activity ranged from bullish to bearish sentiments, with significant trades in both call and put options across various expiration dates and strike prices. This could indicate potential trading opportunities based on the whales' movements.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 5:35 pm

Apple Inc. reported better-than-expected Q1 earnings and revenue, with shares falling 2.5% in pre-market trading. Other stocks like Skechers, Atlassian, Eve Holding, Mitek Systems, GigaCloud Technology, and Microchip Technology also recorded losses in pre-market trading due to various reasons including mixed financial results and weak forecasts.

Portfolio Pulse from Avi Kapoor

February 02, 2024 | 10:28 am

Panbela Therapeutics, Inc. (NASDAQ:PBLA) shares plummeted by 65.5% to $1.47 after announcing a public offering priced at approximately $9 million. Other stocks experienced significant movements in Monday's mid-day session, with various companies showing notable gains and losses. Gainers included Palisade Bio, Inc. (NASDAQ:PALI), OneMedNet Corporation (NASDAQ:ONMD), and Revelation Biosciences, Inc. (NASDAQ:REVB), among others. Losers featured SMX (Security Matters) Public Limited Company (NYSE:SMX), Inspire Veterinary Partners, Inc. (NASDAQ:IVP), and Bullfrog AI Holdings, Inc. (NASDAQ:BFRG), among others.

Portfolio Pulse from Avi Kapoor

January 29, 2024 | 7:09 pm

In Monday's intraday session, several consumer discretionary stocks experienced significant movements. Connexa Sports Techs (CNXA) led the gainers with a 54.2% increase, while TAL Education (TAL) was among the losers with a 9.37% decline following its Q3 earnings release 2 days prior. Other notable movers included Selina Hospitality (SLNA), J-Long Group (JL), Foresight Autonomous (FRSX), and Solid Power (SLDP) with substantial gains, and American Public Education (APEI), GigaCloud Tech (GCT), Yoshitsu Co (TKLF), MINISO Group Holding (MNSO), and ZHONGCHAO (ZCMD) with notable losses.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 5:31 pm

GigaCloud Tech (NYSE:GCT) has experienced a 32.88% increase in short interest since its last report, with 2.14 million shares sold short, representing 11.72% of its float. The short interest is higher than the peer group average of 5.81%. While high short interest can indicate bearish sentiment, it can also be bullish, as covering short positions can drive the stock price up.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 3:15 pm

Philips (NYSE:PHG) shares fell 5.6% in pre-market trading after Q4 results and a consent decree with the FDA. Other stocks also moved lower: Nukkleus (NASDAQ:NUKK), Atlanta Braves Holdings (NASDAQ:BATRK), BrightSpring Health Services (NASDAQ:BTSG), GigaCloud Technology (NASDAQ:GCT), Revance Therapeutics (NASDAQ:RVNC), MorphoSys AG (NASDAQ:MOR), and Ryanair Holdings (NASDAQ:RYAAY) due to various company-specific news and recent performance.

Portfolio Pulse from Avi Kapoor

January 29, 2024 | 10:07 am

During Friday's intraday session, several consumer discretionary stocks experienced significant movements. Selina Hospitality (SLNA) saw a 24.9% increase, while Envirotech Vehicles (EVTV) rose by 20.83%. Vince Holding (VNCE) and Esports Entertainment (GMBL) also saw gains of 16.18% and 16.09%, respectively. BowFlex (BFX) and GigaCloud Tech (GCT) shares rose as well. Conversely, Yoshitsu Co (TKLF) plummeted by 60%, and other stocks such as Lanvin Group Hldgs (LANV), Genius Gr (GNS), Golden Sun Education Gr (GSUN), Volcon (VLCN), and ZHONGCHAO (ZCMD) experienced declines.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 5:31 pm

Whale activity in the Consumer Discretionary sector indicates large volumes of options trading, with notable transactions in TSLA, AMZN, BABA, DKNG, M, GENI, NKE, MELI, FIVE, and GCT. The sentiment of these trades varies, with bearish and bullish positions taken on different stocks, and significant amounts of money involved in each transaction.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 5:35 pm

In Thursday's intraday session, several consumer discretionary stocks experienced significant movements. E-Home Household Service (EJH) saw a 28.0% increase, while Yunhong Green CTI (YHGJ) rose by 21.66%. REE Automotive (REE) increased by 17.27%, GreenTree Hospitality Gr (GHG) by 12.69%, Hesai Gr (HSAI) by 9.42%, and Fitell (FTEL) by 8.65%. On the downside, Vince Holding (VNCE) dropped by 19.7%, Cazoo Gr (CZOO) by 14.9%, Beachbody Co (BODY) by 12.44%, NWTN by 11.29%, WW International (WW) by 10.77%, and GigaCloud Tech (GCT) by 10.33%.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 5:31 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.