A GigaCloud Director Dumped 3,000 Shares After the Stock Hit a 52-Week High
The insider disposed of 11% of his stake following a 68% rally in the stock over the past year.
Overview
Zhiwu Chen, a member of the Board of Directors at GigaCloud Technology Inc. (NASDAQ:GCT), sold 3,000 shares of Class A Ordinary Shares on September 14 and September 16 as disclosed in a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($52.67); post-transaction value based on September 16, 2026 market close ($51.64).
Details
GigaCloud Technology Inc. operates a scaled B2B e-commerce platform with trailing 12-month revenue of $1.5 billion and net income of $156.1 million, demonstrating strong profitability with a net margin of 10.4%.
Source
Originally published at www.fool.com.
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