GigaMedia Limited (GIGM) CEO Acquires $294,000.00 in Stock
GigaMedia Limited (NASDAQ:GIGM) CEO Cheng-Ming Huang bought 100,000 shares of GigaMedia Limited stock in a transaction that occurred on Monday, August 21st. The shares were acquired at an average price of $2.94 per share, with a total value of $294,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Cheng-Ming Huang also recently made the following trade(s):
- On Friday, August 4th, Cheng-Ming Huang bought 37,608 shares of GigaMedia Limited stock. The shares were acquired at an average price of $2.99 per share, with a total value of $112,447.92.
GigaMedia Limited (GIGM) opened at 3.08 on Wednesday. The company’s 50-day moving average price is $2.98 and its 200-day moving average price is $2.99. GigaMedia Limited has a one year low of $2.40 and a one year high of $3.64. The stock’s market cap is $34.04 million.
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Separately, TheStreet raised GigaMedia Limited from a “d+” rating to a “c” rating in a research note on Tuesday, August 1st.
A hedge fund recently bought a new stake in GigaMedia Limited stock. Susquehanna International Group LLP bought a new position in GigaMedia Limited (NASDAQ:GIGM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 39,903 shares of the technology company’s stock, valued at approximately $126,000. Susquehanna International Group LLP owned about 0.36% of GigaMedia Limited at the end of the most recent quarter. 3.01% of the stock is owned by institutional investors.
About GigaMedia Limited
GigaMedia Limited is a holding company with a portfolio of businesses providing online games and cloud computing services. The Company operates through two segments: Asian online game and service, and cloud service business. The Company has online game operations in Taiwan, Hong Kong and Macau and a cloud computing software and services business based in Taipei.
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