On a relative basis, the stock has outperformed the S&P 500 by 7.88% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.55% in the last 1 week, and is up 9.62% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 5.15% and the 50-Day Moving Average is 7.25%.
Shopify (NYSE:SHOP): stock turned positive on Friday. Though the stock opened at $30.6, the bulls momentum made the stock top out at $31.11 level for the day. The stock recorded a low of $30.541 and closed the trading day at $31, in the green by 2.07%. The total traded volume for the day was 889,800. The stock had closed at $30.37 in the previous days trading.
Shopify Inc. is a Canada-based company that provides a cloud-based commerce platform for small and medium-sized businesses. The Companys platform lets users to create their own online store. The Companys platform provides merchants to design, set up and manage their stores across multiple sales channels, including Web, mobile, social media, brick-and-mortar locations, and pop-up shops. Its platform provides a merchant a single view of their business. Its platform also provides merchants to manage all aspects of their shops: uploading products, customizing the design, accepting credit cards, and viewing their incoming orders and completed transactions. Its platform lets users to sell fashion, electronics, sporting goods, furniture and food, among others. The Companys platform offers over 900 applications.