The market has been down on Shopify Inc (SHOP) stock recently. SHOP gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With SHOP Stock Today?
Shopify Inc (SHOP) stock is down -1.77% while the S&P 500 is up 0.52% as of 2:20 PM on Thursday, Sep 17. SHOP has fallen -$15.67 from the previous closing price of $885.18 on volume of 2,937,435 shares. Over the past year the S&P 500 has risen 13.16% while SHOP is up 164.43%. SHOP lost -$0.61 per share in the over the last 12 months.
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 Score Report on Shopify Inc (SHOP) Stock.
