Why GigaCloud Shares Rise Higher Friday |  The furry fool

Why GigaCloud Shares Rise Higher Friday | The furry fool

What happened Shares of business-to-business (B2B) e-commerce company GigaCloud (GCT 205.99%) shot up on Friday. The stock rose a whopping 272% but is up about 175% as of 1:25 PM ET. The tech stock’s gains came on the day of the initial public offering (IPO). Given the stock’s rising price, the market apparently thinks the …

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