Shares in GigaCloud Technology (GCT) crashed Tuesday amid no apparent news after a big run in 2024. GCT stock was recently down more than 20% in morning action and trading was briefly halted amid the volatility.

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On the stock market today, GCT stock was last down 21.3% at 27.15. Fourth quarter earnings for GCT stock are due in early March.

Founded in 2006, El Monte, Calif.-based GigaCloud “specializes in global end-to-end business-to-business e-commerce for large parcel merchandise,” according to FactSet. It has operations in Hong Kong and elsewhere.

The GigaCloud Marketplace e-commerce platform handles large parcel items such as furniture, exercise equipment and other bulky home goods.

Further, GigaCloud has been making acquisitions. It recently purchased digital signage company Apexis and its Wondersign business. It also bought Noble House Home Furnishings.

GCT stock was recently featured in the New America section of IBD.

Follow Reinhardt Krause on X, formerly called Twitter, @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.

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