What's Behind Shopify's Surprising Strength?
SHOPShopify(SHOP) Seeking Alpha·2024-08-18 22:22
Sean Gallup Introduction Last week, Shopify (NYSE:SHOP) (TSX:SHOP:CA) announced its Q2 2024 results and the market reacted very enthusiastically and the stock shot up 26%. Since then, the run kept going, and the stock is now up 38%. Data by YCharts Of course, if you zoom out, you see that the stock had dropped a lot recently. Probably, the reason was that investors saw weaker consumer demand and were afraid it would impact Shopify. So, despite the big jump now, the stock is still down about 4% year-to-d ...