Why Is Everyone Talking About Shopify Stock?

By Parkev Tatevosian, CFA – May 25, 2023 at 7:00AM

NYSE: SHOP

Shopify

Market Cap

$93B

Today's Change

(-2.37%) -$1.75

Current Price

$72.26

Price as of April 24, 2024, 4:00 p.m. ET

Shopify is growing quickly but trails Amazon by a large margin in e-commerce.

Fool.com contributor and finance professor Parkev Tatevosian elaborates on why so many investors are talking about Shopify (SHOP -2.37%) stock.

*Stock prices used were the afternoon prices of May 21, 2023. The video was published on May 23, 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 fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.