Over 1 Year Ago
1 Min Read

Shares of GLBE are trading -6% lower today. Here's what's happening:



Global-E Online Ltd. (GLBE) is trading -6% lower at $34.39 today. While the Consumer Discretionary sector is having a slightly gloomy day in general, the company is far behind it's peers.

  • Coming off a big surge last week on strong earnings
  • Upgrades from BofA Securities ($40 PT), Goldman Sachs ($40 PT), and Morgan Stanley ($51 PT)

Global-E Online Ltd. has been trading between a 52-week high of $83.77 and a 52-week low of $15.63. The stock has a market cap of $5.38 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.

Headlines


Global-e Online Gets Price Target Increases By Analysts Following Strong Sales
Benzinga 08-17-22

Global-E Online Ltd PT Raised to $40 at BofA Securities
Investing.com 08-17-22

Global-E Online Ltd PT Raised to $40 at Goldman Sachs
Investing.com 08-17-22

Global-E Online Ltd PT Raised to $51 at Morgan Stanley
Investing.com 08-17-22

Hot Stocks: GLBE jumps on earnings; AN, PAG reach 52-week highs; NOVA, TRMR plunge
Seeking Alpha 08-16-22