
GigaCloud Technology (NASDAQ:GCT) CEO Lei Wu Sells 100,000 Shares

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GigaCloud Technology CEO Lei Wu sold 100,000 shares at $28.52 each, totaling $2.85 million, reducing his ownership by 62.5% to 60,000 shares valued at $1.71 million. The transaction was disclosed to the SEC. GCT shares opened at $28.22, with a market cap of $1.06 billion. The company reported $0.91 EPS for the last quarter, exceeding estimates. Analysts have mixed ratings on the stock, with one buy and three hold ratings. GigaCloud also announced a stock repurchase program, indicating confidence in its valuation.
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