Q: Hi 5i
Shopify seems to be getting hit hard again today... any obvious reason that and should we should be concerned about this ...is this a buy opportunity in your opinion.
Thx
Shopify seems to be getting hit hard again today... any obvious reason that and should we should be concerned about this ...is this a buy opportunity in your opinion.
Thx
5i Research Answer:
Yipitdata, a cloud-tracking service, noted it estimated that SHOP gross payments volume growth decelerated 'significantly' over the past week of reporting (to Jan 22). With the stock up so much this gave investors incentive to sell. But note, even if accurate, the data is from A ONE WEEK PERIOD. We would not react to this at all. SHOP's last quarter was excellent.