Why Shopify Stock Is Rising Today
Shares of the e-commerce platform company (NASDAQ: SHOP) were rebounding today after stumbling on Friday after a weaker-than-expected jobs report. Investors regained some of their optimism for the company today, as the European Union says it's delaying some retaliatory tariffs on the U.S. for six months.
Shopify investors are closely watching for any positive economic news as they prepare for the company's Q2 earnings report due out on Wednesday. Shopify stock was up by more than 5% this morning and had gained 4.8% as of 11:29 a.m. ET.
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Source Fool.com
Shopify Inc Stock
€120.74
-3.830%
Our community is currently high on Shopify Inc with 4 Buy predictions and 0 Sell predictions.
With a target price of 145 € there is a positive potential of 20.09% for Shopify Inc compared to the current price of 120.74 €.
