Shopify Shares Rise 6.55% to $113.58
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Moderately bullish activity in Shopify (SHOP), with shares up $6.99, or 6.55%, near $113.58. Options volume relatively light with 66k contracts traded and calls leading puts for a put/call ratio of 0.76, compared to a typical level near 0.62. Implied volatility (IV30) dropped 0.21 near 54.33,and below the 52wk median, suggesting an expected daily move of $3.89. Put-call skew flattened, suggesting a modestly bullish tone.
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Analyst Views on SHOP
Wall Street analysts forecast SHOP stock price to rise
31 Analyst Rating
18 Buy
13 Hold
0 Sell
Moderate Buy
Current: 115.030
Low
140.00
Averages
180.62
High
200.00
Current: 115.030
Low
140.00
Averages
180.62
High
200.00
About SHOP
Shopify Inc. (Shopify) is a Canada-based global commerce company. The Company provides essential Internet infrastructure for commerce, offering tools to start, grow, market and manage a retail business of any size. It provides platforms and services that are engineered and delivers a shopping experience for consumers online, in store and everywhere in between. Its software enables merchants to run their business across all of their sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces. The Company's Shopify platform provides merchants with a single view of their business across all of their sales channels and enables them to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics and reporting, and access financing, all from one integrated back office. The Shopify's platform operates across 175 countries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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