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Add as a preferred source on GoogleThe bank expects strong sales growth and says investors may be underestimating the staying power of recent same-store sales gains.
Morgan Stanley raised its rating on direct-to-consumer e-commerce company Global-E Online Ltd. (Nasdaq: GLBE) to Overweight on Oct. 19, citing sales trends it believes investors have undervalued.
The bank expects strong sales growth. It also believes the market has not fully accounted for the size of Global-E Online’s recent same-store sales gains or how long those gains could continue.
A filing covering August transactions also lists a Meta Platforms Inc. share purchase valued at $5,000,001 to $25 million.
The contract's 217.17 Tether (USDT) quote on Oct. 19 exceeded its 200-day average of 212.18 USDT. NVIDIA Corporation stock closed at $214.13 on Oct. 16.
Oracle recorded negative $5.396 billion in free cash flow for the quarter ended Aug. 31 and disclosed $288 billion in additional future lease commitments.
