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The stock market has more often than not ended up being extremely baffling, catching even some of the more experienced traders by surprise. It happens that even when results are as projected, the market sometimes just takes a sudden turn towards the opposite direction. Often such events lead to doubt and much speculation. At such time, it may pay to keep tabs on a stock’s historical price performance. Useful also would be knowledge of the stock’s trends, both the short term and long-term. GigCapital3 Inc. (NYSE: GIK) share prices have increased by 34.36% over the past week, but are up 49.30% over prices posted in the last quarter. Going further back, the stock’s price is up 52.04% in year-to-date trading.
A recent spot check on the stock’s support and resistance revealed that the publicly-traded GigCapital3 Inc. (NYSE: GIK) shares are trading at a price close to -6.05% lower than its 90-day high. On the other hand, the stock is +51.58% away from its low in the 90-day period. More broadly, GIK’s current price is 3.26% away from 52-week high. The price is 52.13% above from its 52-week low.
Focusing on the company’s market volatility shows that it has a 1-Week Volatility index of 11.39%, and 10.03% for the month. This stock’s Average True Range (ATR) currently stands at 1.17. The indicator of Volatility helps exhibit the extent to which a stock is likely to plummet or climb when the rest of the market also dips or surges. If a stock has a beta score above 1, then its rate of volatility is high. Figures lower than 1, therefore, means that the stock’s volatility at that particular moment is low.
Shares of the GigCapital3 Inc. (NYSE: GIK) gained by $2.78 during Wednesday’s regular trading session to climb to $14.90. The company had a daily trading volume of 14.26 million shares, higher than its average intra-day trading volumes of about 1.07M shares.
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