Shopify’s U.S. shares slipped in early trading Tuesday. The Canadian commerce software firm issued a second-quarter forecast mostly in line with Wall Street’s expectations, muting the effect of a first-quarter milestone as merchant sales on its platform topped $100 billion.
Bay Street is bracing for Monday’s open with oil back at the forefront. Strikes on Iran over the weekend, along with disruptions affecting tanker movement in the Strait of Hormuz—which handles about a fifth of global oil flow—have pushed up the risk premium on crude and stocks tied to commodities.
Shopify Inc dropped 7.1% to finish at $117.28 on Monday, slipping to $115.88 at session lows, with investors moving out of software and other risk-heavy names.
Shopify Inc shares finished Friday with a gain, closing at $126.20, up roughly 2% for the session. That move gave the stock a bit of relief heading into next week, following a rough run for software and internet stocks fueled by recent headlines.
Shopify Inc wrapped up Friday at $112.70, climbing 1.8% after a choppy stretch that pitched the shares through a sharp rally, a double-digit drop, and a rebound all in the same week. Friday's range: $107.43 to $113.39. The stock tumbled 6.7% Wednesday, then slid another 6.8% Thursday, erasing gains of 5.7% and 7.5% scored in the two sessions prior.
Shopify Inc said in a U.S. securities filing its $2 billion stock buyback kicks in Feb. 17, with no set end date. The program limits repurchases to 5% of Shopify’s outstanding Class A subordinate voting shares, according to the filing. Shopify’s U.S. shares closed Friday at $112.70, up 1.84%.
Stifel slashed its price target on Shopify but left its Hold rating untouched, while D.A. Davidson stuck to its Buy recommendation—evidence of Wall Street’s split view after the e-commerce software company's latest numbers. https://finviz.com/news/311320/shopify-shop-shares-dip-after-q4-results-analysts-cite-enterprise-growth-and-ai-powered-commerce
Shopify bounced back Friday, climbing roughly 2% to close at $112.70. The stock swung between $107.43 and $113.39 during the session, with trading volume reaching close to 18.9 million.
Shopify Inc jumped 6.8% to $119.64 by Monday afternoon, adding $7.59 from the last close. Shares moved within a range of $111.09 to $119.89, changing hands almost 9 million times.
Shopify Inc shares slipped Friday, bucking the upward move in U.S. equities. Investors eyed news of an insider planning to sell shares and continued to show caution toward high-growth software names. The stock lost 0.9% to $110.19 by 2:13 p.m. EST, after touching $114.98 earlier.
Shares of Shopify Inc slipped 2.4% to $111.24 in after-hours trading Thursday, following intraday moves between $107.47 and $115.71. Trading volume hit roughly 17.9 million shares.
Shares of Shopify Inc dropped 2.1% to $111.59 Thursday afternoon, slipping $2.43 from Wednesday’s close. The stock swung between $108.90 and $115.71 during the session as selling pressure on software stocks stayed strong.
Shopify shares dropped 4.4% to $114.02 in after-hours trading Wednesday, following a session where the stock fluctuated between $110.00 and $120.01. Trading volume hit roughly 20.8 million shares.
Shopify Inc shares fell 5.5% to $112.74 by midday Wednesday, sliding further after two tough sessions. Sellers remained active, targeting high-growth tech stocks. Trading volume exceeded 10 million shares as the stock opened weak and fluctuated broadly.
Shopify shares dropped again Wednesday, marking a second straight day of declines as investors digested conflicting analyst opinions on the Canadian e-commerce firm’s move into “agentic commerce” — AI agents that handle searching, selecting, and purchasing products for customers.
Shopify shares dropped 9.8% on Tuesday, hitting $119.29 in after-hours trading—roughly $12.91 less than the previous close. Around 25.7 million shares changed hands.