GigaCloud (GCT) announced that its board of directors approved an additional $16M to its Class A ordinary share repurchase program, bringing the total authorization to $62M from its previously authorized $46M. The program runs through August 28.
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Read More on GCT:
- Buy Rating for GigaCloud Technology, Inc. Supported by Strong Financials and Strategic Acquisitions
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- GigaCloud price target lowered to $26 from $50 at Lake Street
- Roth MKM downgrades GigaCloud after ‘disappointing’ Q1 outlook
- GigaCloud downgraded to Neutral from Buy at Roth MKM
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