Global-e Online Stock News

E-commerce platform Global-e Online Ltd. announced it will acquire technology Flow Commerce Inc. in a deal valued up to $500 million. The transaction includes a base consideration of $425 million and up to $75 million based on certain 2021 results, plus $45 million in Global-e shares "for certain assumed, performance-based vesting warrants for Flow shares." The transaction is expected to close in the first quarter of 2022. Flow is expected to generate $20 million in net revenue in calendar 2021. The acquisition aims to help Global-e reach small merchants who can''t currently use the company''s services. The deal is expected to encroach on certain cross-border services that are part of an exclusive relationship with Shopify Inc. As a result, Global-e will issue a warrant for approximately $70 million in shares to Shopify. Global-e stock has tumbled 25.8% over the last three months while the S&P 500 index is up 4.6% for the period. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.

The acquisition is expected to strengthen Global-es platform offering for emerging brands and is intended to further expand its capabilities and customer base in the segment The acquisition is expected to strengthen Global-es platform offering for emerging brands and is intended to further expand its capabilities and customer base in the segment

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The trading price of Global-E Online Ltd. (NASDAQ:GLBE) closed higher on Friday, November 19, closing at $64.88, 0.96% higher than its previous close. >> 7 Top Picks for the Post-Pandemic Economy

Global-e Online Ltd. (NASDAQ:GLBE) was the recipient of a significant increase in short interest during the month of October. As of October 29th, there was short interest totalling 5,000,000 shares, an increase of 98.4% from the October 14th total of 2,520,000 shares. Approximately 12.9% of the shares of the stock are sold short. Based on []

The stock price of Global-e Online has dived recently over concerns about physical retail reopening and the COVID-19 recovery beginning.

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Global-e Online Ltd. (NASDAQ:GLBE) shares rose 6.3% during mid-day trading on Tuesday . The company traded as high as $59.00 and last traded at $58.96. Approximately 19,308 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 1,272,433 shares. The stock had previously closed at $55.45. Several analysts recently []

The cross-border e-commerce specialist got some love from Wall Street.

The shares of Global-E Online Ltd (NASDAQ: GLBE) have received a price target of $75 from Needham. These are the details.

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Global-e Online is a recently IPO'd e-commerce company that enables merchants to conduct cross-border e-commerce on a global scale. The company‘s shares started trading at $25 per share back in May