The deal will also help Shopify’s small and medium-sized businesses drive their sales on Walmart’s website.Although Shopify stock is close to hitting its recent high, I think that the stock still has upside potential. I've made a nice profit and I'd rather invest some of that in $SQ which I think is better positioned for a breakout soon.I bought in around 196 last Friday sold this week at 206$.. traded for apple.. should've bought disney..I'm up 10% last week going all in on shop (doubled position size thanks to Robinhood gold money)
Only downside side is that it's extremely expensive. Breakouts, double bottoms, tops, trending at support (momentum) stock patterns feel free to share. Do whatever the f*** you wanna do.There’s been minimum 15 posts about Shopify here so you clearly didn’t do much research. I'd be cautious in the near-term.Thinking about just setting a stop loss a dollar or two under and just letting it ride up.
They might dip hard if they issue new shares, which they’ve done to maintain a large cash position, which I assume they’ll be using for acquisitions coming up. The stock price high, not you although I read article they have open their doors to selling cannabis.
The 2 million shares distributed in the secondary offering is like a “hey, we want to change some of our stock portfolio into cash to buy assets like 6 River Systems that will allow us to make an additional $30 million in revenue per year.”This was 5 months ago lol but thanks buddy I appreciate itBuy when its low and sell when high. I don't see many growth stocks trading 35X revenue. Shopify has no such avenues to legally/safely monetize that data in the changing regulatory/platform environment to the scale the market has predicted. I think Shopify will find some resistance soon and I also hope it returns to $400.I think once the market realises Shopify won't be able to monetize its trove of user level sales data (purchase history / intent) the way same Amazon has in the past 5 years its valuation potential will start to be reevaluated and it won't be so lofty.Shopify lost more than 3000 customers in one day and the trend is getting worse. For Redditors (as its users are called), it's a good way to keep your finger on the pulse of the internet, participate in open discussions around shared interests, get answers from highly engaged niche communities, and, of course, perpetuate memes. They weathered an attack from Citron very well recently which is a great sign. It's run has been a momentum / fear of missing out induced pump of stupid proportions this year and is likely to suffer a similar fate as SQ over the next year.GDPR/CCPA/Browser Cookies going away (ITP/ETP) is going to make it harder for Shopify to monetize its growing user level sales data which many had speculated would be a huge future revenue stream. Links to …
I dont understand why they dropped so much. At Wednesday’s closing price, the company’s market cap was $97.1 billion.
Shopify stock is still trading 3.2% below its 52-week high of $844.00 and 190.2% above its 52-week low of $281.69. Shopify (NYSE:SHOP) – an e-commerce platform that allows businesses to create and run online stores – has seen its stock soar by close to 10x since … The company’s strong e-commerce platform, rising demand for its services, and operational efficiencies should drive its stock in the coming quarters.Shopify stock has had a significant run-up this year.