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Why Shopify Stock Is Up 7% Today

TheMotleyFool

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Shopify (NYSE: SHOP) shareholders trounced the market on Thursday as their stock gained over 7% by 3 p.m ET, compared to a 2.8% increase in the S&P 500.

The spike only erased a small portion of recent losses for owners of the e-commerce platform, which remains lower by nearly 70% so far in 2022. But the rally reflected growing optimism around its 2022 growth and profit opportunities.

Image source: Getty Images.

Source Fool.com

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