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Barchart
Barchart
Mark R. Hake, CFA

Shopify Stock Still Looks Attractive to Value Buyers and Short Sellers of its Puts

SHOP Shopify Barchart

Shopify Inc (SHOP) stock has been rising as analysts and investors realize its free cash margins are improving. As a result, it continues to make sense, especially for existing investors, to sell short out-of-the-money put options.

SHOP stock is at $66.62 in midday trading on Friday, June 28. This is up over $10 or +18% from its recent low on May 24 of $56.97.

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