Is Global-E Online Still a Buy After Jumping 115%?
Global-E Online (NASDAQ: GLBE) has had a volatile first year of trading. It IPOed in May 2021, and shares at one point rose 160% before falling back to 115% gains today. This means that -- like many other tech stocks -- shares are down roughly 33% off their all-time high.
With so much volatility and the fact that shares have doubled in less than a year, many investors might simply look away from this stock. However, I think that could be a mistake five years from now because the future for Global-E is incredibly bright. While there are some risks to the stock, I think that Global-E is a great stock to slowly buy today and hold for the long term. Here's why.
Source Fool.com
