Is Shopify a Buy After the Stock Split?
On July 29, Shopify (NYSE: SHOP) shares began trading on a 10-for-1 split basis -- dropping the company's stock price by 90% (to around $35 per share) while keeping its $47 billion market cap the same. While this change doesn't affect Shopify's valuation relative to revenue and earnings, it makes the stock more accessible for smaller investors who don't have much money to put in the market.
That said, is it time to bet on Shopify?
Image source: Getty Images.
Source Fool.com
