Q: Don't see any news. Why is SHOP getting hammered 10% today? I know it's a volatile stock but could someone know something? Analysts are generally positive about it. Thoughts? If no reason for downdraft, could this be a buying opportunity?
5i Research Answer:
There is no significant SHOP news today. It continues to get support from brokers. The AI- fear is strong but it should be less impacted by AI than software stocks. We think it is a buying opportunity but sentiment is hard to call here.