The e-commerce enabler made a huge strategic decision that pleased stock market investors.
Shopify's (SHOP 2.60%) change of direction was an excellent move in the market's eyes. Fool.com contributor and finance professor Parkev Tatevosian discusses the real reason Shopify's stock jumped higher after earnings.
*Stock prices used were the afternoon prices of May 3, 2023. The video was published on May 5, 2023.
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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