What do you do when a stock market darling like Shopify (SHOP) has fallen over 73% year-to-date? Do you view the stock with suspicion, wondering if something has changed with its fundamentals? Do you believe that the stock has overcorrected and it's a great buying opportunity? Or do you simply wait and watch to see if this once-promising growth stock can dust itself and get back on track? We believe it's a mixture of options two and three. It could be a great buying opportunity, but there could also be more pain left in the stock. We are neutral on the stock.
https://www.tipranks.com/news/article/will-shopify-stock-continue-its-downward-trajectory?utm_source=advfn.com&utm_medium=referral
Shopify (NYSE:SHOP)
Historical Stock Chart
From Jun 2022 to Jul 2022 Click Here for more Shopify Charts.
Shopify (NYSE:SHOP)
Historical Stock Chart
From Jul 2021 to Jul 2022 Click Here for more Shopify Charts.