Why Shopify Stock Tumbled Today
Shopify(SHOP) The Motley Fool·2024-05-08 16:37Shopify delivered solid first-quarter results, but its guidance disappointed.Shares of Shopify (SHOP -19.02%) were getting torched today after the high-priced e-commerce stock posted solid results in the first quarter, beating estimates, but investors balked at its outlook for the second quarter.As a result, the stock was down 19.8% as of 10:39 a.m. ET on Wednesday. Shopify comes up shortThe e-commerce company delivered solid results in the first quarter, but the stock's price tag comes with high expectatio ...