Q: What might be reasons for recent weakness in SHOP? As of Monday morning, it's down again more than the market decline. Is SHOP still rated high by 5i as a top pick? If not, what has changed?
5i Research Answer:
SHOP remains up 71% in the past year, well ahead of markets. There has been no real news, though Business Insider had a piece on Friday discussing how SHOP's ecosysystem is 'becoming oversaturated with apps'. This may have scared a few investors.