Why Shopify Stock Tanked on Tuesday

By Jose Najarro – Jul 27, 2022 at 8:00AM

NYSE: SHOP

Shopify

Market Cap

$92B

Today's Change

(1.11%) $0.78

Current Price

$71.33

Price as of April 26, 2024, 4:00 p.m. ET

Is the growth over for Shopify?

Today's video focuses on Shopify (SHOP 1.11%) and the current state of the e-commerce market. Many believed that the strong adoption rate of e-commerce in the past two years would have been permanent, but unfortunately that's not the case. With the e-commerce adoption rate returning to normalizing trends, companies like Shopify need to adjust for the slower growth. Check out the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were the market prices of July 26, 2022. The video was published on July 26, 2022.

Jose Najarro has positions in Shopify. The Motley Fool has positions in and recommends Shopify. The Motley Fool recommends the following options: long January 2023 $1,140 calls on Shopify and short January 2023 $1,160 calls on Shopify. The Motley Fool has a disclosure policy. Jose 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.