Why GigaCloud Technology Zoomed 23% Higher Today

E-commerce solutions company GigaCloud Technology (GCT 23.32%) was a big winner on the stock market as the trading week came to a close. On Friday, the company's shares rocketed more than 23% higher on the back of very encouraging quarterly results. The stock's performance was night-and-day better than that of the S&P 500 index, which slumped to close 0.7% lower.Convincing beats on both the top and bottom linesFor its fourth quarter, GigaCloud took in just under $245 million in revenue; this was nearly doub ...