Why Shopify's Stock Is Trading Higher Today

Shopify SHOP shares are trading higher, potentially in anticipation of the company's first-quarter earnings results. The company reports earnings on Wednesday before the market opens.

Shopify offers an e-commerce platform primarily to small and midsize businesses. The firm has two segments: subscription solutions (43% of fiscal 2018 revenue) and merchant solutions (57% of fiscal 2018 revenue).

Shopify shares were 5.52% higher at $1,160.27 at the time of writing. The stock has a 52-week high of $1,499.75 and a 52-week low of $595.03.

Benzinga Pro provides investors with timely and accurate explanations of why a stock is moving. Subscribe to receive real-time alerts explaining stock price movements. Click here to learn more.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: MoversTrading 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!