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-0.00417536534446755 -0.00417536534446755 0.00219206680584559 0.00417536534446774 0.00835073068893529 0.00835073068893529 0.0104384133611693 0.0146137787056368
Stock impact report

3 Reasons to Buy Shopify Stock Like There's No Tomorrow [Yahoo! Finance Canada]

Canopy Growth Corporation - Common Shares (CGC) 
A tech superstar was born at the time when cannabis stocks were the talk of the town in Canada. Shopify TSX:SHOP ) ranked second to marijuana producer Canopy Growth in the inaugural TSX30 List in 2019, a flagship program of TSX's top-performing stocks. The e-commerce company ranked first and second in the next two years, owing to astronomical returns (three-year dividend-adjusted share price performance) of 1,043% and 846% in 2020 and 2021, respectively. However, SHOP lost -74.8% in 2022, a big letdown for the high-growth stock Shopify reported a $3.5 billion net loss compared to the $2.9 billion net income in the previous year. Market observers raised concerns about revenue growth following the disappointing results. Redemption came in 2023 as the overall return jumped to 124.4%. As of this writing, SHOP trades at $107.11, up 3.8% year-to-date. Some stock analysts believe the $138.2 billion company has established a strong, if not a leadership position in the e-commerce indust Show less Read more
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