Stocks

Shopify Stock Continues to Slump. Should You Buy? Check the Chart.


Investors on Thursday are hitting Shopify  (SHOP) – Get Shopify, Inc. Class A Report stock hard. 

The shares at one point were down more than 18%, setting a 52-week low, after the retail-platform provider reported earnings before the open.

At its low, the stock was off 78% from the all-time high set in November.

It’s been a painful six months for Shopify. The company delivered a solid but still disappointing quarter. Earnings, revenue and gross merchandise value all missed Wall Street estimates.

But that’s also not surprising in one regard. Shopify stock has been out of favor lately, as have almost all growth stocks. Further, Amazon  (AMZN) – Get Amazon.com, Inc. Report disappointed investors with its results last week. eBay  (EBAY) – Get eBay Inc. Report did so as well this morning with its outlook.





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