BIGC - BigCommerce breaks out with 14% gain as investors play the long game
BigCommerce Holdings ([[BIGC]] +14.3%) rallies to its highest level of 2021 on strong trading volume and elevated call buying. Of note, the e-commerce stock trades at almost triple the IPO pricing level and has an IPO lockup period due to expire on February 1. Seeking Alpha author Bears of Wall Street is out with a cautious article on BigCommerce. "The company continues to burn cash, it doesn't expect to become profitable anytime soon and it trades at a significant premium, which is hard to justify," reads the warning. On the other side of the ledger, StockBros Research has a breakdown that is more positive and takes into account the long-term potential for BIGC's platform.
For further details see:
BigCommerce breaks out with 14% gain as investors play the long game