Why Shopify's Stock Has Popped 110% in 2017

Why Shopify's Stock Has Popped 110% in 2017

Internet retail platform Shopify (NYSE: SHOP) has jumped 110% since the beginning of this year, according to data provided by S&P Global Market Intelligence, after it expanded its relationship with Amazon.com (NASDAQ: AMZN) and posted two strong quarterly results. 

Shopify kicked off its stellar year in January when investors pushed the company's share price up 18.5% on news that it's working closely to integrate its e-commerce platform with Amazon sellers. Shopify's director of product, Brandon Chu, said at the time, "Our work with Amazon is an important step in strengthening our robust multi­channel commerce strategy and the ability of our merchants to sell anywhere their customers buy."

Image source: Getty Images.

Continue reading

Source: Fool.com