3 Reasons I Might Buy Shopify Stock Before Its Stock Split
Shopify (NYSE: SHOP) recently announced a 10-for-1 stock split that will go into effect on June 28 for shareholders of record on June 22, assuming it passes shareholder approval. This means Shopify's current share price of $439.50 would be $43.95 after the split.
While the lower share price might boost demand for the stock, it would likely prove temporary. What sustains long-term stock price appreciation is business performance. That is why the recent fall in Shopify's share price seems like a good buying opportunity. Nearly 600 million shoppers transacted with Shopify merchants in 2021, which is an increase of 31% over 2020.
It seems almost every online store I come across uses Shopify for the checkout process, and that has me considering buying shares for at least three reasons.
Source Fool.com
