Globale Online (GLBE) Surges 7.4%: Is This an Indication of Further Gains?

Global-e Online Ltd. (GLBE) shares rallied 7.4% in the last trading session to close at $35.85. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 6.9% gain over the past four weeks. This company is expected to post quarterly loss of $0.16 per share in its upcoming report, which represents a year-over-year change of +27.3%. Revenues are expected to be $165.8 million, up 24.4% from the year-ago quarter. For Globa ...