Why Shopify-Backed Global-E Online Stock Plunged Before Gaining Ground on Tuesday - The Motley Fool
5/17/2022 12:00:00 AM2 years 11 months ago
by Danny Vena
by Danny Vena
The cross-border e-commerce specialist reported worse than expected losses, but there was more to the story.
What happened Shares of Global-E Online(GLBE 17.68%) initially went down in flames on Tuesday, plunging as much as 18.5%. However, by 12:45 p.m. ET, the stock had returned to positive territory, up … [+2116 chars]
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