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

During Monday's intraday session, several consumer discretionary stocks experienced significant movements. Phoenix Motor (PEV), ECARX Holdings (ECX), WW International (WW), GigaCloud Tech (GCT), NWTN, and Allied Gaming (AGAE) saw their shares rise, while Shift Techs (SFT), GEN Restaurant Gr (GENK), Grove Collaborative Hldgs (GROV), SIGNA Sports United (SSU), XPeng (XPEV), and EBET saw their shares decline.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 5:31 pm

GigaCloud Technology (GCT) has refuted claims made in a short seller report, stating that the conclusions drawn in the report are unsupported and inaccurate.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 11:39 am

During Friday's intraday session, several consumer discretionary stocks experienced significant movement. Gainers included Sonder Holdings (SOND), Shift Techs (SFT), Jowell Global (JWEL), E-Home Household Service (EJH), GigaCloud Tech (GCT), and Nautilus (NLS). Losers included Color Star Tech (ADD), Connexa Sports Techs (CNXA), Genius Gr (GNS), Kaixin Auto Hldgs (KXIN), Charles & Colvard (CTHR), and Kaival Brands Innovations (KAVL).

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 5:31 pm

GigaCloud Technology (GCT) is gaining attention as it is mentioned in a popular newsletter, leading to increased trading volume.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 3:17 pm

GigaCloud Technology's shares are trading higher, rebounding after a drop on Thursday due to a short report.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 2:25 pm

During Thursday's intraday session, several consumer discretionary stocks experienced significant movements. Chico's FAS (CHS), Torrid Holdings (CURV), Phoenix Motor (PEV), Jowell Global (JWEL), Container Store Group (TCS), and China Automotive Systems (CAAS) saw their shares rise, while GigaCloud Tech (GCT), Lixiang Education Hldg (LXEH), Worksport (WKSP), EpicQuest Education Group (EEIQ), CarMax (KMX), and Vision Marine (VMAR) experienced declines. The movements were accompanied by high trading volumes, often exceeding the average full-day volumes of the last 100 days.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 5:31 pm

The article lists the stocks that gained and lost the most during Thursday's mid-day trading session. Notable gainers include Bionomics Limited (BNOX), Baudax Bio, Inc. (BXRX), and Chico's FAS, Inc. (CHS), while significant losers include Ascent Solar Technologies, Inc. (ASTI), Capstone Green Energy Corporation (CGRN), and Brainstorm Cell Therapeutics Inc. (BCLI).

Portfolio Pulse from Lisa Levin

September 28, 2023 | 5:04 pm

U.S. stocks traded higher with the Nasdaq Composite gaining 1%. CarMax Inc reported weaker-than-expected earnings for its second quarter with a revenue decline of 13.2% YoY to $7.07 billion. Bionomics Limited shares shot up 247% after the ATTUNE trial met its primary endpoint. Baudax Bio, Inc. shares boosted by 86% after the FDA granted orphan drug designation for TI-168. Chico's FAS, Inc. shares were up by 62% following its acquisition by Sycamore Partners. Ascent Solar Technologies, Inc. shares dropped 62% after announcing pricing of a public offering of units. Brainstorm Cell Therapeutics Inc. shares were down 54% after the FDA Advisory Committee voted that NurOwn did not demonstrate substantial evidence of effectiveness for ALS treatment. GigaCloud Technology Inc. fell 26% after Culper Research issued a short report on the stock.

Portfolio Pulse from Lisa Levin

September 28, 2023 | 3:53 pm

Culper Research has raised doubts about GigaCloud Technology's success story, highlighting several inconsistencies in the company's narrative. These include an improbably low workforce for their warehouse operations, claims of being significantly more efficient than industry giants, and a lack of hiring activity. The company's last-mile delivery segment, which reportedly generated over $80 million in revenue, is registered with just five vehicles. GigaCloud's shares are down 23.9%.

Portfolio Pulse from Vandana Singh

September 28, 2023 | 2:48 pm

GigaCloud Technology's stock price is falling following a short report issued by Culper Research.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 2:01 pm

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