GCT / Why GigaCloud Technology Stock Plummeted by 25% Today

GigaCloud Technology Inc. is a B2B e-commerce company that connects manufacturers in Asia with resellers in the US, Asia, and Europe. In Q2, the compa more_horizontal

GigaCloud Technology issued a press release this morning insisting a short report published yesterday "lacks merit." The Chinese B2B e-commerce soluti more_horizontal

GigaCloud Technology (NASDAQ: GCT ) stock is on the move Friday after the end-to-end e-commerce service company was hit with a short report. Culper Re more_horizontal

A short-seller set its sights on the e-commerce specialist. In the 27-page publication, Culper Research accused the company of numerous improprieties. more_horizontal

On Tuesday, GigaCloud announced an $85 million "stalking horse" agreement for the assets of bankrupt Noble House Home Furnishings. Investors appear to more_horizontal

To put it mildly, investors were displeased about news of an acquisition. They traded out of the stock after learning GigaCloud is purchasing a home g more_horizontal

GigaCloud Technology Inc. (GCT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate more_horizontal

GigaCloud Technology Inc. (NASDAQ:GCT ) Q2 2023 Results Conference Call August 15, 2023 8:30 AM ET Company Participants Larry Wu - Founder, Chairman a more_horizontal