Comeback Alert: Shopify's Rally Is About to Begin
Shopify(SHOP) marketbeat.com·2024-05-21 13:44
It’s been a tough couple of weeks for investors of Shopify Inc. NYSE: SHOP. Indeed, while the broader market has been setting record highs since the final weeks of last year, shares of the e-commerce platform have been sinking some 40% from their high in February. Key PointsShares of Shopify have been trending down since the start of the year while the rest of the market has rallied. The latest drop came from this month’s earnings report and contracting margins.However, there are several reasons to think th ...