Shopify stock falls after Wedbush downgrade [MarketWatch]
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
Last shopify inc. class a subordinate voting shares earnings: 2/12 07:00 am
Check Earnings Report
US:NYSE Investor Relations:
investors.shopify.com/home/default.aspx
Company Research
Source: MarketWatch
Shopify stock falls after Wedbush downgrade Shopify Inc. shares SHOP, -0.99% are off 1.5% in premarket trading Tuesday after Wedbush downgraded the stock to neutral from outperform. "We take a step back on shares to digest the 125% YTD increase (vs 21% for the Nasdaq), premium valuation, and new product announcements," analyst Ygal Arounian wrote. "Additionally, while we view the announcements at Shopify Unite last week as further improving and differentiating the platform, the most impactful announcement, Shopify Fulfillment Network (SFN) isn't expected to generate profits until 2023." He raised his price target to $305 from $270 in conjunction with the downgrade, following continued stock appreciation in recent weeks. Shopify shares are up 55% over the past three months, as the S&P 500 SPX, -0.24% has gained 5%.
Show less
Read more
Impact Snapshot
Event Time:
SHOP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SHOP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SHOP alerts
High impacting Shopify Inc. Class A Subordinate Voting Shares news events
Weekly update
A roundup of the hottest topics
SHOP
News
- Shopify Inc. (NYSE: SHOP) was upgraded by analysts at Wedbush from a "neutral" rating to an "outperform" rating. They now have a $125.00 price target on the stock, up previously from $115.00.MarketBeat
- Strategists Bet Canada's TSX Will Hit 28,000 Next Year as Rates Fall [BNN Bloomberg (Canada)]BNN Bloomberg
- Strategists Bet Canada's TSX Will Hit 28,000 Next Year as Rates Fall [Yahoo! Finance Canada]Yahoo! Finance Canada
- Strategists Bet Canada's TSX Will Hit 28,000 Next Year as Rates Fall [Yahoo! Finance]Yahoo! Finance
- Why Shopify (SHOP) Dipped More Than Broader Market Today [Yahoo! Finance]Yahoo! Finance
SHOP
Earnings
- 8/7/24 - Beat
SHOP
Sec Filings
- 12/20/24 - Form 144
- 12/20/24 - Form 144
- 12/20/24 - Form 144
- SHOP's page on the SEC website