Large Inflow of Money Detected in Shopify

Shopify (SHOP) : On Monday, The money flowed into the Shopify (SHOP) stock with an uptick to downtick ratio was recorded at 1.14. Transactions worth $10.96 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $9.57 million. The total money flow into the stock was $1.39 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $0.85 million of block transactions on upticks. The total money flow in block trades was $0.85 million. In terms of price action, Shopify (SHOP) traded down $0.2 during the session at $39.18. Compared to the previous days closing, the stock was down only by -0.51%. For the week, the stock is 5.86%, over previous weeks closing.


Shares of Shopify Inc. rose by 2.01% in the last five trading days and 20.92% for the last 4 weeks. Shopify Inc. is up 49.39% in the last 3-month period. Year-to-Date the stock performance stands at 51.47%.

Shopify (NYSE:SHOP): The stock opened at $39.86 on Monday but the bulls could not build on the opening and the stock topped out at $39.90 for the day. The stock traded down to $38.88 during the day, due to lack of any buying support eventually closed down at $39.08 with a loss of -0.76% for the day. The stock had closed at $39.38 on the previous day. The total traded volume was 1,199,202 shares.

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.

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