Is Shopify Stock a Buy on the Dip?

By Parkev Tatevosian, CFA – May 12, 2024 at 10:00AM

NYSE: SHOP

Shopify

Market Cap

$76B

Today's Change

(1.04%) $0.61

Current Price

$59.15

Price as of May 31, 2024, 4:00 p.m. ET

Shopify is still reeling from an ill-judged investment in logistics.

Fool.com contributor Parkev Tatevosian explains why Shopify (SHOP 1.04%) stock is down and lets you know if that's a buying opportunity.

*Stock prices used were the afternoon prices of May 9, 2024. The video was published on May 11, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Shopify. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.