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Why Shopify Stock Tumbled Today

TheMotleyFool

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Why Shopify Stock Tumbled Today: https://g.foolcdn.com/editorial/images/776460/e-commerce-shopping-getting-a-package.jpg

Shares of Shopify (NYSE: SHOP) were getting torched today after the high-priced e-commerce stock posted solid results in the first quarter, beating estimates, but investors balked at its outlook for the second quarter.

As a result, the stock was down 19.8% as of 10:39 a.m. ET on Wednesday.

Image source: Getty Images.

Source Fool.com

Shopify Inc Stock

Shopify Inc gained 0.130% compared to yesterday.
Our community is currently high on Shopify Inc with 4 Buy predictions and 0 Sell predictions.
With a target price of 75 € there is a positive potential of 36.94% for Shopify Inc compared to the current price of 54.77 €.

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