Lineage Point Capital LP bought a new position in shares of GigCapital2, Inc. (NASDAQ:GIX – Free Report) during the 2nd quarter, HoldingsChannel reports. The firm bought 148,777 shares of the company’s stock, valued at approximately $1,540,000.
GigCapital2 Stock Performance
Shares of GIX stock opened at $9.99 on Friday. GigCapital2, Inc. has a 52-week low of $9.80 and a 52-week high of $10.00. The stock has a fifty day simple moving average of $9.96.
Analysts Set New Price Targets
Separately, Weiss Ratings started coverage on GigCapital2 in a research note on Tuesday, August 11th. They set a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.
GigCapital2 Profile
GigCapital2, Inc is a blank check company. It intends to enter into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is headquartered in Palo Alto, California.
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