Jim Cramer raises concerns about GigaCloud Technology due to a short seller report questioning its business methods.
Jim Cramer raises concerns about GigaCloud Technology, a company offering B2B e-commerce systems for large parcel merchandise. He advises caution due to a short seller report by Culper Research questioning the company's business methods, including few employees for numerous warehouses and use of stock images in marketing. The stock has seen significant growth since its public listing in 2022 but experienced volatility after its March earnings. Cramer suggests considering other e-commerce and logistics stocks like Amazon.
May 17, 2024
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