Is Trending Stock Shopify Inc. (SHOP) a Buy Now?

Published on 24 May 2024 on Zacks via Yahoo Finance

Is Trending Stock Shopify Inc. (SHOP) a Buy Now?

Shopify (SHOP) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Shares of this cloud-based commerce company have returned -18.3% over the past month versus the Zacks S&P 500 composite's +4% change. The Zacks Internet - Services industry, to which Shopify belongs, has gained 7.6% over this period. Now the key question is: Where could the stock be headed in the near term?

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Is Trending Stock Shopify Inc. (SHOP) a Buy Now?

NYSE.SHOP price evolution

TSX.SHOP price evolution

Want to become a better investor?

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