12:42:34 AM PDT - Sunday, September 27th, 2020

PreMarket Prep Stock Of The Day: Shopify  

By Editor - Wed Sep 16, 5:18 am

Over the past few weeks, quite a few major technology companies have retreated from their all-time high and now are attempting to rebound. One of those issues is Shopify Inc (NYSE: SHOP) and is the PreMarket Prep Stock Of The Day.The Company: Shopify is a Canadian multinational technology company that offers an e-commerce platform primarily to small and midsize businesses. The firm has two segments: subscription solutions (43% of fiscal 2018 revenue) and merchant solutions (57% of fiscal 2018 revenue).Big Winner Since IPO: Shopfiy made its debut on the New York Stock Exchange in May 2015. After an initial surge to $41.11, the issue retreated and undercut its initial monthly low ($24.11) and didn't find a bottom until January 2016 at $18.48.From that low, it began to rapidly appreciate ending 2016 at $42.87, 2017 at $101 and 2018 at $138.45. The momentum started to kick in 2019, rallying to end the year $397.59

View original post here:

PreMarket Prep Stock Of The Day: Shopify

Leave a Reply

You must sign in to post a comment.