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Cramer reviews GigaCloud, dubs the company's story ‘unnecessarily fraught'

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CNBC’s Jim Cramer on Friday reviewed the performance of GigaCloud Technology, saying he doesn’t recommend the stock.

CNBC's Jim Cramer on Friday reviewed the performance of GigaCloud Technology and suggested that there's"something off" about the situation.

"GigaCloud's whole story feels unnecessarily fraught, and with so many good e-commerce and logistics stocks out there — Amazon — I don't think it makes sense to chase this one after a massive run," he said."Just feels like an unnecessary risk."The company connects manufacturers, primarily in Asia, with resellers across the globe. It also sells its own products on the platform as well as on other third-party ecommerce platforms.

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Cramer reviews GigaCloud, says the company's story is ‘unnecessarily fraught'CNBC’s Jim Cramer on Friday reviewed the performance of GigaCloud Technology, saying he doesn’t recommend the stock.
Fonte: nbcsandiego - 🏆 524. / 51 Leggi di più »