GigaCloud Technology Inc. (GCT) integrates its supplier-fulfilled retailing business model with research and development aimed at harnessing advanced algorithms to further refine its strong cloud infrastructure. This strategic fusion enables the company to provide a superior B2B selling and sourcing experience for all involved in the marketplace.Addressing the rising demand for large parcel merchandise, GCT is witnessing notable growth in GigaCloud Marketplace GMV, sales volume and the number of buyers and ...

EL MONTE, Calif., June 17, 2024 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced that its Founder, Chairman, and Chief Executive Officer, Larry Wu, has been named an Entrepreneur Of The Year® 2024 Greater Los Angeles Award winner by Ernst & Young LLP ("EY US"). Now in its 38th year, Entrepreneur Of The Year is a distinguished competitive awards program for entreprene ...

EL MONTE, Calif., June 11, 2024 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced its recognition as a Silver Stevie® Award winner in the "Achievement in Growth" category of the 2024 American Business Awards®. This accomplishment marks the second straight year the Company has been honored with a Stevie® Award, underscoring its commitment to growth and innovation. Last ...

EL MONTE, Calif., June 11, 2024 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced its recognition as a Silver Stevie® Award winner in the “Achievement in Growth” category of the 2024 American Business Awards®. This accomplishment marks the second straight year the Company has been honored with a Stevie® Award, underscoring its commitment to growth and innovation. Las ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about GigaCloud Technology Inc. (GCT) .GigaCloud Technology Inc. curren ...

Investors in GigaCloud Technology Inc. (GCT) need to pay close attention to the stock based on moves in the options market lately. That is because the Jul 19, 2024 $10.00 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It co ...

GigaCloud Technology Inc. (GCT) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this company have returned -24.2% over the past month versus the Zacks S&P 500 composite's +3.5% change. The Zacks Technology Services industry, to which GigaCloud Technology Inc. belongs, has gained 2% over this period. Now the key question is: Where could the stock be headed in the near t ...

Finding stocks that can 10X this year is certainly easier said than done. However, there are growth stocks in the market with the potential for such returns, if everything lines up perfectly. Of course, most people looking for such gains usually end up investing in cryptocurrencies or in loss-making and highly dilutive stocks in the hopes of landing a short squeeze.However, I think it is a better idea to invest in sustainable businesses that are at or near profitability already and are supported by robust g ...

The stock has become controversial.One of the hottest stocks on Wall Street has been GigaCloud Technology (GCT -4.69%), which was up 470% in the year ending May 23. However, the stock's meteoric rise has also led to scrutiny of the company among investors.The stock has about 9% of its shares sold short, and has been the subject of two recent scathing reports from short-sellers. Note that short-sellers make money when the stock they are short on goes down. Below is a look at why the stock has been on a tear ...

Key PointsGigaCloud operates a cross-border marketplace for large parcel merchandise (like furniture) that connects resellers and factories in Asia under its Supplier-Filled Retailing Model.GigaCloud has an 18.68% short interest as a short seller report hurt shares but rebounded as it publicly provided a retort to its main points.Giga Cloud reported a top and bottom line beat for Q1 2024 and launched its Branding-as-a-Service (BaaS) solution in the quarter.5 stocks we like better than GigaCloud TechnologyGi ...