10 Stocks Plummet on Wednesday

2. Global-E Online Ltd. (NASDAQ:GLBE)

Global-E Online Ltd. (NASDAQ:GLBE) fell by 17.77 percent on Wednesday to finish at $50.90 apiece as investor sentiment was dampened by dismal outlook guidance for 2025.

In its earnings release, GLBE anticipates revenue growth to grow at a slower pace due to expected impacts from tariffs coupled with a shift towards multi-local strategies by merchants.

In the fourth quarter of 2024, GLBE swung to a net income of $1.5 million in the fourth quarter of the year, reversing a net loss of $22.1 million in the same period a year earlier, as revenues jumped by 41.8 percent to $262.9 million from $185.4 million.

For the full year, net loss narrowed by 43.5 percent to $75.5 million from $133.8 million in 2023, as revenues increased by 32 percent to $752 million from $569 million year-on-year.