The Shopify stock has shed over $1,209 since November 19, 2021, and it seems the bear market is still in control. Besides dropping by over 8% today, it has dropped over 20% over the past 5 days.
To help stock investors interested in investing in Shopify, Invezz has created a brief article on what it is and where to buy it.
Are you looking for fast-news, hot-tips and market analysis?
Sign-up for the Invezz newsletter, today.
To find out more, please continue reading.
Best places to trade Shopify stock
eToro
eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.
nextmarkets
With Nextmarkets you can trade over 7,000 shares and 1,000 ETFs commission-free on the exchange. You pay neither custody and order fees nor third-party fees. Take advantage of our comprehensive e-learning offer with over a dozen real-time trading coaches.
Register with nextmarkets instantly
What is Shopify stock?
Shopify stock is the stock of Shopify Inc and it is listed on both New York Stock Exchange and Toronto Stock Exchange under the tickers NYSE: SHOP and TSX: SHOP respectively.
In a nutshell, Shopify Inc. is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. It runs a proprietary e-commerce platform that goes by the same name as Shopify and also runs several stores and retail point-of-sale systems.
The Shopify platform provides online retailers with a variety of services including payments, marketing, shipping, and customer engagement tools.
Should I buy the SHOP stock today?
If you want to invest in a stock dip, then you could buy the Shopify stock.
However, as you invest, you should be ready for further drops since it is not crystal clear as to when the current dip shall come to an end.
$SHOP stock price prediction
The stock has dropped by more than triple the current stock price and analysts expect it to continue dropping at least for the remaining of April.
$SHOP stock social media coverage
eToro
10/10
68% of retail CFD accounts lose money
