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.
To find out more, please continue reading.
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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
The post Where to buy the Shopify stock dip: it’s down 8% today as bears continue taking control appeared first on Invezz.