Shopify Makes New All-Time High

Shopify Inc (US) SHOP shares are trading higher by $8.45 (10.2 percent) at $100.82 in Tuesday's session.

The catalyst for the rally is an adjusted Q2 EPS of 8 cents along with a slight sales beat.

After a much higher open, Shopify continued in that direction reaching $105.79 before reversing course. That far exceeds its former all-time high made on June 9 at $100.80.

The retreat from the high found support well ahead of upper-end of Monday's range ($94.52), only reaching $98.60 and is now attempting to end the session in triple digits.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!