Q: Shopify stock has declined by over $100, from a high of $253, in Oct,25 to $150, now.
What is causing the outsized drop and negative sentiment ?
Even today when the entire Tech sector bounced back nicely in Friday's trading, SHOP has lagged the market and continues its downtrend of several weeks with a red tape.
Do you think strong earnings, next week could change the scene ?
Thank You
What is causing the outsized drop and negative sentiment ?
Even today when the entire Tech sector bounced back nicely in Friday's trading, SHOP has lagged the market and continues its downtrend of several weeks with a red tape.
Do you think strong earnings, next week could change the scene ?
Thank You
5i Research Answer:
Certainly strong earnings (and outlook) would help. SHOP had been weak generally prior to this...