GigaCloud Technology's 15min chart sees MACD Death Cross, KDJ Death Cross triggered.

GigaCloud Technology's 15-minute chart has triggered a MACD Death Cross and a KDJ Death Cross at 08/19/2025 15:15. This indicates that the stock price has the potential to continue declining, and the momentum of the stock price is shifting towards the downside, potentially leading to further decreases.

GigaCloud Technology (GCT) has authorized a new share repurchase program, totaling up to $111 million, to be executed over the next three years. The program, which begins on August 17, 2025, replaces the previous buyback initiative. This announcement comes as GCT celebrates its third anniversary since its initial public offering (IPO) in 2022.

The new program is supported by the company's robust financial position, featuring zero debt and consistent positive operating cash flows. Since its IPO, GCT has seen a 163% appreciation in its share price and has already returned nearly $71 million to shareholders through buybacks. The repurchase program will be executed through various means, including open market transactions and block trades, in compliance with SEC regulations.

The timing and volume of buybacks will be determined by factors such as price, trading volume, and market conditions. The program aims to enhance shareholder value and address stock price volatility concerns. GCT's management believes that share repurchases can help mitigate unwarranted price swings that do not reflect the company's fundamental value.

This $111 million commitment is particularly noteworthy given that the company's original IPO raised only $41 million. The program demonstrates GCT's evolved capital allocation strategy and its confidence in its future prospects. The flexibility built into the program allows management to execute purchases opportunistically while maintaining capital for strategic growth initiatives.

GCT's announcement of a new $111 million share repurchase program signals financial strength and commitment to shareholder value. The company's zero-debt position and consistent positive operating cash flows provide a solid foundation for this program. The 163% share price appreciation since IPO indicates strong market validation of their business model in the specialized B2B large parcel merchandise space.

The repurchase authorization's size is particularly noteworthy given the company's original IPO raised only $41 million. This substantial commitment demonstrates management's evolved capital allocation strategy as the company has matured in the public markets. The flexibility built into the program - including various purchase methods and the board's ability to modify terms - gives management tactical room to execute purchases opportunistically while maintaining capital for strategic growth initiatives.

References:
[1] https://www.nasdaq.com/articles/gigacloud-technology-board-authorizes-share-repurchase-program
[2] https://www.stocktitan.net/news/GCT/giga-cloud-technology-inc-announces-new-111-million-share-repurchase-2o6tbf49au3x.html