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Stock impact report

GigaCloud Technology's COO Sells more than 50,000 Shares [Yahoo! Finance]

GigaCloud Technology Inc - Class A Ordinary Shares (GCT) 
Company Research Source: Yahoo! Finance
These 10 stocks could mint the next wave of millionaires › GigaCloud Technology (NASDAQ:GCT) , a B2B ecommerce platform for large parcel goods, reported a notable insider sale amid strong one-year stock gains. Xinyan Hao, Chief Operating Officer of GigaCloud Technology, disposed of 50,000 shares for a total of $2 million, as detailed in the SEC Form 4 filing Metric Value Shares sold (indirect) Transaction value $2.0 million Post-transaction shares (direct) Post-transaction shares (indirect) Post-transaction value (direct ownership) Transaction and post-transaction values based on SEC Form 4 weighted average purchase price of $40.06 on Dec. 5. What proportion of Xinyan Hao's indirect holdings was affected by this sale? This transaction accounted for 12.3% of indirect holdings at the time, with the entirety executed via ICEBERY LIMITED, reducing indirect holdings. What is the market context for this transaction? GigaCloud shares were priced at around $40.0 Show less Read more
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