Q: Any reason why SHOP has been so weak the past few days and particularly today? I don't see any news and am trying to figure out what's happening. I realize it's a volatile stock. Is this to be taken as routine movement for this type of stock?
5i Research Answer:
AI fears around software have flared up again and SHOP is caught up in it to some degree, but is not reserved to SHOP alone. Add in what has been a bit of a volatile and choppy market to begin with and we don't think the movement is 'out of the ordinary' compared to the market in general.