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.
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