Closing Bell: Shopify Inc up on Wednesday (SHOP)

Shopify Inc opened trading today at $88.26 and closed at $89.89. Intraday prices ranged from $87.95 to $91.00.

Share prices raised 2.36 percent from the previous day's close of $87.82.

During the day across North America, the TSX Composite closed 0.34% at 21961.55, the S&P 500 closed 0.27% at 5375.32, the Dow Jones Industrial Average closed -0.31% at 38747.42 and the Nasdaq Composite closed 0.88% at 17343.55.

Shopify Inc has listed on the Toronto Stock Exchange (TSX) under the ticker SHOP.

Trading volume was 3,030,698 on 12,823 total trades. On average, Shopify Inc has traded 2,205,930 shares in the last five days and 2,644,516 year-to-date.

The TSX overall saw 3,171 price advancers against 1,986 declines and 97 unchanged.

During the prior 52 weeks, SHOP.TO has traded as high as $123.20 (February 12,2024) and low as $63.16 (October 31,2023). Moreover, in the last 52 weeks, Shopify Inc's shares have raised 3.37%, while they have eased -12.86% this year.

Following today's trading, Shopify Inc has a market capitalization of $113.16 billion on a float of 1,288,414 shares outstanding. Its annual EPS is $-0.16.

Shopify Inc is a TSX Software company headquartered in Ottawa, CAN.

Currently, Shopify Inc has an average recommendation of "Moderate Buy" based on 39.00 analysts according to Zacks. From those 39 analysts, 19 have buy ratings and 20 analysts gave hold ratings.

AI at The Globe and Mail
This report is produced using automated technology that summarizes market data into articles for our readers. Ongoing project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities..