Closing Bell: Shopify Inc down on Tuesday (SHOP)

In today's trading, Shopify Inc shares closed at $88.14 after opening the day at $90.50. Intraday prices ranged from $87.80 to $90.79.

Share prices eased -3.49% from the previous day's close of $91.33.

During the day across North America, the TSX Composite closed 0.11% at 21611.30, the S&P 500 closed 0.77% at 5473.23, the Dow Jones Industrial Average closed 0.49% at 38778.10 and the Nasdaq Composite closed 0.95% at 17857.02.

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

A total of 3,311,936 shares was traded during the session, with total trades of 15,303, with an average volume of 2,474,833 over 5 days.

The TSX market on the whole today saw 2,250 price advancers against 2,973 declines and 102 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, the shares have jumped 3.05% in 52 weeks, while they have lost -14.56% since the start of 2024.

Following today's trading, Shopify Inc has a market capitalization of $117.90 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's consensus rating is "Moderate Buy" based on 40 analysts according to Zacks. Currently, there are 20 buy ratings and 20 hold ratings for the stock.

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..