Shopify (SHOP) shares have declined 10.4% in the past month. Year to date, SHOP shares have lost 23.7%, underperforming the Zacks Computer & Technology sector’s gain of 17.1% and the S&P 500’s 13.3%. Shopify has been suffering from challenging macroeconomic conditions and persistent inflation. The e-commerce growth rate is now expected to be normal (higher than the pre-COVID level but not supernormal as witnessed during the pandemic), with consumer footfall increasing in offline stores. This factor has been ...