Global-E Online Ltd. (GLBE) is trading 22% higher at $33.41 today. The stock continues it's rally from Monday, vastly outperforming it's peers in an upbeat day for the consumer discretionary sector.
While the company reported somewhat mixed earnings, traders are buying up the beleaguered e-commerce company. Maybe they are starting to view it as a bargain?
Global-E Online Ltd. has been trading between a 52-week high of $83.77 and a 52-week low of $15.63 and is trading around the bottom third of that range. The stock has a market cap of $5.23 Billion.
Global-e is the world's leading platform to enable and accelerate global, direct-to-consumer cross-border e-commerce. The chosen partner of more than 440 global brands and retailers across the United States, Europe and Asia, Global-e makes selling internationally as simple as selling domestically. Founded in 2013 by Amir Schlachet, Shahar Tamari and Nir Debbi, the company enables e-commerce retailers to increase the conversion of international traffic into sales by offering online shoppers in over 200 destinations worldwide a seamless, localized shopping experience.