News Formal

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

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 59%

News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 319. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: nbcsandiego - 🏆 524. / 51 Read more »