GigaCloud (GCT) Down 37% in 6 Months: Should You Buy the Dip?

GigaCloud Technology Inc. (GCT) has been on a downward spiral lately, with significant selling pressure. The stock has dipped 36.6% against the 9% increase of the industry it belongs to and the 10.5% growth of the Zacks S&P 500 composite.While the six-month performance paints a dull picture, looking at the year-to-date performance is crucial for a fuller understanding. GCT’s stock has surged 21% so far this year, suggesting that the current downward movement is part of a correction phase. Close competitors ...