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The Latest Breaking News from Shopify Inc

Shopify Dropped 17% in June - Is It Still a Stock to Avoid?

Shopify (SHOP) dropped 16.7% in June as it struggled with falling consumer spending amid the surging inflation. With rising recession fears and an expected decline in consumer spending, is the stock due for further price decline, or can it survive the challenges and rebound? Read on to learn our view….

StockNews.com

What's Going On With Shopify Stock?

Shopify Inc (NYSE: SHOP) shares are trading higher Tuesday amid a drop in yields.

Benzinga

Read JMP Securities Analyst's Take On Shopify

JMP Securities analyst Andrew Boone initiated coverage on Shopify Inc (NYSE:SHOP) with a Market Perform rating. Shopify is a leading commerce platform that entered a significant investment cycle as it offers fulfillment services to merchants, which he believed will limit margin expansion and free cash flow generation. He believed Shopify offered a best-in-class commerce service and expected…

Benzinga

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Shopify Stock Begins Trading On Split-Adjusted Basis: What You Need To Know

No, Shopify Inc (NYSE: SHOP) shares aren't down 90%. The stock began trading on a split-adjusted basis Wednesday.

Benzinga

3 Beaten-Down Stocks That Are Still Overvalued

Investors’ concerns over an upcoming recession due to the Fed’s continued monetary policy tightening have led to a massive tech sell-off lately. Although the industry’s long-term growth prospects should help fundamentally sound stocks rebound soon, it is best to avoid beaten-down stocks, Uber Technologies (UBER), Shopify (SHOP), and Snowflake (SNOW),…

StockNews.com

3 Falling Stocks That Aren't Likely to Rebound Anytime Soon

Rising inflation and the Fed’s potential interest rate hikes to control it, combined with other economic uncertainties, have led to massive stock market sell-offs. Consequently, many fundamentally weak stocks have lost significantly. Carnival Corporation (CCL), NIO Inc. (NIO), and Shopify (SHOP), which are down more than 30% year-to-date, may not…

StockNews.com

Why Shopify Stock Is Sliding Today

Shopify Inc (NYSE: SHOP) shares are trading lower Monday alongside several companies in the broader technology sector amid overall weakness as stocks continue to sell off following worse-than-expected May CPI data.

Benzinga

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Why Shopify Shares Are Sliding Today

Shopify Inc (NYSE: SHOP) shares are trading lower Wednesday, alongside several names in the broader technology and software space amid a rise in yields. The 10-Year Treasury yield was hovering around 2.94% at press time.

Benzinga

Why Shopify Shares Are Diving Today

Shopify Inc (NYSE: SHOP) shares are trading lower by 10.28% at $351.15. Stocks have been highly volatile following the Federal Reserve’s recent 50 basis point rate hike, which has weighed on the Nasdaq heavily.

Benzinga

Shopify Shares Are Surging: What's Going On?

Shopify Inc (NYSE: SHOP) shares are trading higher Thursday amid a drop in Treasury yields. The 10-Year Treasury yield was hovering around 2.855% at press time. Lower rates increase the present value of future cash flows, which can positively impact the valuations of growth stocks.

Benzinga

5 Cathie Wood Stocks That Remain Overvalued Despite the Market Correction

Cathie Wood stocks have been foundering for the past few months owing to volatile market conditions caused in-part by aggressive Federal Reserve interest rate hikes. So, given their companies’ bleak financials and relative overvaluation, we think it could be wise to avoid popular Cathie Wood stocks Roku (ROKU), Teladoc (TDOC),…

StockNews.com

5 Stocks to Avoid on a Slowdown in E-Commerce Sales

Amid vexing inflation and hawkish federal monetary policy stance, the e-commerce sector suffered a significant earnings decline in its latest quarter. Given the bearish market sentiment, we think it could be wise to now avoid overvalued e-commerce stocks Etsy (ETSY), eBay (EBAY), Shopify (SHOP), Amazon.com (AMZN), and Wayfair (W). Read…

StockNews.com

Why Shopify Shares Are Sliding

Shopify Inc (NYSE: SHOP) shares are trading lower Thursday after the company reported earnings results that were down year-over-year and forecasted slowing revenue for the first half of the year.

Benzinga

Shopify Shares Drop Post Q1 Earnings Miss, Shrinking Margins

Shopify Inc (NYSE:SHOP) reported first-quarter FY22 sales growth of 22% year-on-year, to $1.20 billion, missing the consensus of $1.60 billion. Revenue from Subscription Solutions rose 8% Y/Y to $344.8 million, primarily due to more merchants joining the platform and Merchant Solutions increased 29% Y/Y to $858.9 million, driven primarily by the growth of…

Benzinga

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RBC Capital Cuts Shopify's Price Target By 23%

Shopify Inc (NYSE:SHOP) (TSX:SHOP) price target has been lowered to $1000 (an upside of 116%) from $1300 by RBC Capital analyst Paul Treiber. The analyst maintained the Outperform rating on the shares. The analyst states that the proposed changes to Shopify’s share structure may be contentious. Treiber adds that while some terms in the proposal…

StockNews.com

5 Hard-Hit Tech Stocks That Cathie Wood Believes Will Rebound

Due to the recent tech selloff, renowned investor Cathie Wood’s flagship Ark innovation ETF has retreated from its 2021 highs this year. However, accelerated digitalization, increasing tech dependence, and growing IT spending should allow Wood’s portfolio to rebound quickly. Given these factors, Wall Street analysts expect Wood’s beaten-down tech stock…

Benzinga

Shopify Stock Fell Today: What's Going On?

Shopify Inc (NYSE: SHOP) shares trraded significantly lower Wednesday alongside several stocks in the broader technology sector amid weakness in tech-giant Netflix Inc (NASDAQ: NFLX).

Benzinga

Here's How Shopify Chief Looks To Preserve Control

Shopify Inc (NYSE:SHOP) sought approval to change its complex share structure to protect the voting power, including a 10-for-1 stock split, the Wall Street Journal reports. Co-founder and CEO Tobi Lütke proposed a new “founder share” that, combined with his existing supervoting Class B shares, increased his voting power to 40% from…

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Benzinga

Strike Partners With Shopify For Bitcoin Lightning Payments

On the second day of the 2022 Bitcoin conference in Miami — a four-day event — Jack Mallers, CEO of cryptocurrency payment app Strike took the stage to announce a partnership to integrate with e-commerce giant Shopify Inc (NYSE: SHOP) to allow for paymen

Benzinga

Shopify Is Facing A Class-Action Lawsuit From Crypto Holders: What You Need To Know

E-commerce platform Shopify Inc (NYSE: SHOP) has been named in a class-action lawsuit for allegedly failing to safeguard consumer information in a 2020 data breach impacting Ledger cryptocurrency wallets.

Benzinga

What's Going On With Shopify Stock Today?

Shopify Inc (NYSE: SHOP) shares are trading significantly lower on above-average volume Monday. The stock may be pulling back after staging a sizable rally into Friday's market close.

Benzinga

Here's Why eBay, GameStop And Shopify Shares Are Rising

Shares of several companies in the retail & apparel sector, including eBay Inc (NASDAQ: EBAY), GameStop Corp. (NYSE: GME) and Shopify Inc (NYSE:

Benzinga

Morgan Stanley Gains Conviction On Affirm Post Its TMT Conference

Affirm Holdings Inc (NASDAQ:AFRM) CEO Max Levchin, and CFO Michael Linford joined the firm's TMT Conference, Morgan Stanley analyst James Faucette noted. Affirm's partnerships with Amazon.com Inc (NASDAQ:AMZN), Walmart Inc (NYSE:WMT), and Shopify Inc (NYSE:SHOP) supported his view that these partnerships can bring meaningful upside to GMV and revenue. Faucette also gained conviction on Affirm's long-term demographic opportunity within financial…

Benzinga

Shopify Collaborates With Leading Shipping Platform For E-Commerce

Shopify Inc (NYSE:SHOP) collaborated with Shippo to make its internal shipping tool available in European markets. Shippo is a leading shipping platform for growing e-commerce businesses. European Shopify merchants will soon manage shipping within the Canadian e-commerce company's platform. Shopify Shipping is already available in the U.K. and France, U.S., Canada, and Australia.…

Benzinga

Amazon Confidentially Scooped Veeqo In November

Amazon.com Inc (NASDAQ:AMZN) had confidentially acquired Veeqo in November. The financial terms of the transaction remain undisclosed. Octopus Ventures, an investor in Veeqo, confirmed the deal. Veeqo makes tools to help online businesses sell products on and off Amazon. Amazon, which likely accounts for ~40% of the nation’s e-commerce sales, has long been pursuing…

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