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Should Software - Application Stock Shopify Inc (SHOP) Be in Your Portfolio Monday?

Monday, October 03, 2022 11:26 AM | InvestorsObserver Analysts
Should Software - Application Stock Shopify Inc (SHOP) Be in Your Portfolio Monday?

Shopify Inc (SHOP) is around the top of the Software - Application industry according to InvestorsObserver. SHOP received an overall rating of 52, which means that it scores higher than 52 percent of all stocks. Shopify Inc also achieved a score of 71 in the Software - Application industry, putting it above 71 percent of Software - Application stocks. Software - Application is ranked 97 out of the 148 industries.

Overall Score - 52
SHOP has an Overall Score of 52. Find out what this means to you and get the rest of the rankings on SHOP!

What do These Ratings Mean?

Searching for the best stocks to invest in can be difficult. There are thousands of options and it can be confusing on what actually constitutes a great value. InvestorsObserver allows you to choose from eight unique metrics to view the top industries and the best performing stocks in that industry. A score of 52 would rank higher than 52 percent of all stocks.
These scores are not only easy to understand, but it is easy to compare stocks to each other. You can find the best stock in an industry, or look for the sector that has the highest average score. The overall score is a combination of technical and fundamental factors that serves as a good starting point when analyzing a stock. Traders and investors with different goals may have different goals and will want to consider other factors than just the headline number before making any investment decisions.

What's Happening With Shopify Inc Stock Today?

Shopify Inc (SHOP) stock is trading at $27.68 as of 11:24 AM on Monday, Oct 3, a gain of $0.75, or 2.78% from the previous closing price of $26.93. The stock has traded between $26.48 and $27.78 so far today. Volume today is less active than usual. So far 10,562,121 shares have traded compared to average volume of 27,113,449 shares. Click Here to get the full Stock Report for Shopify Inc stock.

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