Shopify Inc (NYSE:SHOP) Breaks 52 Week High Bar Of $180.00

Shopify Inc (NYSE:SHOP)

February 11th, 2019
Shopify Inc finished Monday’s trading session down 1.58%, a ($2.78) decrease to close on $173.17. Despite the drop in price it hit a new 52 week high of $180.00.

SHOP was outperformed by the rest of the Information Technology sector which went 0.00%.

Analysis results from 26 analysts points to the possibility that Shopify Inc might fall somewhat (-7.18%), while Finbox has calculated (with medium uncertainty) a fair value price of $144.15.

Market Sectors

The market sectors were mixed Monday with a majority of the sectors trending up. Industrials saw the biggest increase of the day (0.55%), while Communication Services saw the biggest drop (-0.63%). Industrials has seen the biggest year-to-date gain at 13.91%.

Energy saw the biggest turnaround from its 5-day performance of -2.98%, as it went up 0.46%. Utilities saw a turn around from its 5-day performance of 1.70% trading down -0.08%.

Sector Breakdown

  • Industrials went up with a 0.55% change.
  • Energy went up with a 0.46% change.
  • Financials went up with a 0.25% change.
  • Real Estate went up with a 0.23% change.
  • Consumer Staples went up with a 0.21% change.
  • Materials went up with a 0.19% change.
  • Consumer Discretionary went up with a 0.18% change.
  • Information Technology stayed even with a 0.00% change.
  • Utilities went down with a -0.08% change.
  • Healthcare went down with a -0.13% change.
  • Communication Services went down with a -0.63% change.

Shopify Inc Info

Shopify Inc. provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in Canada, the United States, the United Kingdom, Australia, and internationally. Its platform provides merchants with a single view of business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables to manage products and inventory, process orders and payments, ship orders, build customer relationships, leverage analytics and reporting, and access financing. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was founded in 2004 and is headquartered in Ottawa, Canada.

All amounts in USD unless otherwise indicated
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