Overall market sentiment has been high on Shopify Inc (SHOP) stock lately. SHOP receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Shopify Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SHOP!
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With SHOP Stock Today?
Shopify Inc (SHOP) stock is trading at $42.05 as of 9:43 AM on Thursday, Aug 4, a rise of $0.12, or 0.29% from the previous closing price of $41.93. The stock has traded between $41.35 and $42.37 so far today. Volume today is low. So far 429,645 shares have traded compared to average volume of 33,701,146 shares.
To see InvestorsObserver's Sentiment Score for Shopify Inc click here.
More About Shopify Inc
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). The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. Merchant solutions are add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.
Click Here to get the full Stock Report for Shopify Inc stock.
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