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Why Shopify Stock Tumbled Today


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.

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Source Fool.com

Shopify Inc Stock

€106.00
-0.230%
Shopify Inc shows a slight decrease today, losing -€0.240 (-0.230%) compared to yesterday.
The community is currently still undecided about Shopify Inc with 2 Buy predictions and 0 Sell predictions.
With a target price of 119 € there is a slightly positive potential of 12.26% for Shopify Inc compared to the current price of 106.0 €.
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