Shopify (SHOP) Moves 8.6% Higher: Will This Strength Last?
SHOPShopify(SHOP) ZACKS·2024-07-17 23:20

Shopify (SHOP) shares rallied 8.6% in the last trading session to close at $69.72. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 3.5% loss over the past four weeks.Shopify is benefiting from strong growth in its merchant base. New merchant-friendly tools like Bill Pay, Tax Platform, Collective and the Marketplace Connect app are helping it to win new merchants regularly.This cloud-based commerce company is ...