09:53 AM EDT, 05/22/2024 (MT Newswires) -- GigaCloud Technology ( GCT ) shares declined 12% in recent Wednesday trading following a Grizzly Research report alleging that shell companies pose as 1P buyers to exaggerate key metrics, including revenue and marketplace growth.

The company didn't immediately respond to a request for comment from MT Newswires.

Price: 27.65, Change: -3.80, Percent Change: -12.08