Shopify stock: $2 billion buyback start date puts SHOP back in focus this week
Shopify shares closed up 1.84% at $112.70 on Friday. A $2 billion share repurchase program begins Feb. 17, capped at 5% of outstanding Class A shares, with no set end date. The buyback starts after a quarter showing 31% revenue growth but a forecast for lower cash flow margins. U.S. markets are closed Monday for Presidents Day, with trading resuming Tuesday.