Shopify Stock Falls On Share Offering Despite Holiday E-Commerce Outlook [Investor's Business Daily]
Five9, Inc. (FIVN)
Last five9, inc. earnings: 2/19 04:05 pm
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Source: Investors Business Daily
Related news Shopify ( SHOP ) announced Friday an offering of 2.6 million subordinate voting shares to "provide flexibility to fund its growth strategies." Shopify stock fell on the news. Morgan Stanley and Credit Suisse will act as joint book runners in the offering and underwrite the deal, the company said. Shopify stock fell 9.5% to 145.73 in midday trading on the stock market today . Shares in the e-commerce platform provider had rebounded to a strong Relative Strength Rating of 93 out of a possible 99 before the announcement. Shopify stock has been consolidating since July. Shares sold off after it reported second quarter earnings that beat estimates amid worries over slowing billings growth. Canada-based Shopify sets up e-commerce websites for small businesses, and partners with others to handle digital payments and shipping. Industry analysts have predicted the 2018 holiday season to be a bumper year for e-commerce, driven by low unemployment. Shopify also offers customer rela
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FIVN
Earnings
- 2/21/24 - Beat
FIVN
Sec Filings
- 3/8/24 - Form 4
- 3/8/24 - Form 144
- 3/6/24 - Form 4
- FIVN's page on the SEC website