GigaMedia Limited (NASDAQ:GIGM) CEO Purchases $163,893.70 in Stock

GigaMedia Limited (NASDAQ:GIGM) CEO Cheng-Ming Huang acquired 69,742 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was acquired at an average price of $2.35 per share, for a total transaction of $163,893.70. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Cheng-Ming Huang also recently made the following trade(s):

  • On Thursday, August 15th, Cheng-Ming Huang purchased 60,000 shares of GigaMedia stock. The shares were purchased at an average price of $2.34 per share, for a total transaction of $140,400.00.
  • On Friday, June 21st, Cheng-Ming Huang purchased 9,944 shares of GigaMedia stock. The shares were purchased at an average price of $2.52 per share, for a total transaction of $25,058.88.
  • On Wednesday, June 19th, Cheng-Ming Huang purchased 57,885 shares of GigaMedia stock. The shares were purchased at an average price of $2.50 per share, for a total transaction of $144,712.50.
  • On Friday, June 14th, Cheng-Ming Huang purchased 6,148 shares of GigaMedia stock. The shares were purchased at an average price of $2.55 per share, for a total transaction of $15,677.40.
  • On Wednesday, June 12th, Cheng-Ming Huang purchased 25,484 shares of GigaMedia stock. The shares were purchased at an average price of $2.39 per share, for a total transaction of $60,906.76.

GIGM stock opened at $2.33 on Friday. The firm’s fifty day moving average is $2.49 and its 200 day moving average is $2.56. GigaMedia Limited has a one year low of $2.20 and a one year high of $3.15.

An institutional investor recently raised its position in GigaMedia stock. Morgan Stanley boosted its position in shares of GigaMedia Limited (NASDAQ:GIGM) by 5.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 225,016 shares of the technology company’s stock after buying an additional 12,400 shares during the quarter. Morgan Stanley owned approximately 2.04% of GigaMedia worth $531,000 at the end of the most recent reporting period. 6.04% of the stock is owned by hedge funds and other institutional investors.

GigaMedia Company Profile

GigaMedia Limited provides digital entertainment services in Taiwan, Hong Kong, and Macau. The company offers mobile and browser-based casual games through FunTown-branded platform. Its portfolio of PC-based casual games include MahJong, a traditional Chinese tile game; sports games, Web-based RPG, and mobile games; online card games; and chance-based games, including bingo, lotto, horse racing, Sic-Bo, slots, and various casual games.

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Insider Buying and Selling by Quarter for GigaMedia (NASDAQ:GIGM)

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