Why Shopify Stock Skyrocketed 48% Last Month

Shares of e-commerce software company Shopify (SHOP -2.27%) skyrocketed 47.8% during November, according to data provided by S&P Global Market Intelligence. The company helps businesses sell products online, and these merchant customers are doing quite well right now.Shopify uses a metric called gross merchandise volume (GMV). This isn't its revenue but rather the value of all of its customers' sales. On Nov. 12, Shopify reported financial results for the third quarter of 2024. And during the quarter, its G ...