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Why Shopify Stock Jumped Wednesday

TheMotleyFool

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Shares of Shopify (NYSE: SHOP), a provider of an e-commerce platform, surged on Wednesday. Shares jumped as much as 20.4%, and were up about 12.5% as of 11:17 a.m. EST today.

The stock's gain follows Shopify's fourth-quarter update, which included better-than-expected revenue and adjusted earnings per share. Management's rosy outlook for 2020 was also likely fueling investor optimism.

Shopify's e-commerce platform. Image source: Shopify.

Source Fool.com

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