The e-commerce enabler made a huge strategic decision that pleased stock market investors.
Shopify's (SHOP 1.38%) 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.
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.
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