Shopify Stock Tumbles. Should You Buy the Dip or Run for Cover?
Shopify(SHOP) The Motley Fool·2024-02-17 11:00
Shopify (SHOP -3.23%) shares have soared over the past year, but the rally in the e-commerce stock came to an abrupt halt on Tuesday after its fourth-quarter earnings report came out.Even though the software-as-a-service (SaaS) stock beat headline estimates, it fell 13% the day following the report, giving back some of its recent gains.Shopify's overall results were strong and show the company has recovered from the lull in e-commerce during the economic reopening that came after the pandemic. Revenue in th ...