An ode to Canada tech stocks after US$6B in value erased [Business News Network (BNN) Energy & Resources (Canada)]
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
Last shopify inc. class a subordinate voting shares earnings: 2/12 07:00 am
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US:NYSE Investor Relations:
investors.shopify.com/home/default.aspx
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Source: Business News Network
An ode to Canada tech stocks after US$6B in value erased The best performing sector in Canada has lost its mojo. After eight straight months in the green, tech stocks are now on pace for their first slump this year with about $8.3 billion in market value lost -- making them the biggest losers in September. The rotation to value from growth sent stocks like Shopify Inc. on its longest losing streak on record. There was also BlackBerry Ltd.’s 30 per cent collapse this week after reporting a massive earnings miss and forecast cut. Shopify makes up a whopping 35 per cent of the S&P/TSX Information Technology Index, while BlackBerry has about a three per cent weighting. The slump in FAANG stocks after U.S. President Donald Trump’s negative remarks about the growing power of social media platforms seeped into investor sentiment for Canadian tech too. “The pace of this recent run in technology stocks, driven in large part by the success of Shopify, was unsustainable, and likely driven in pa
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SHOP
News
- Shopify: Wait For The Inevitable Dip [Seeking Alpha]Seeking Alpha
- Do You Believe in the Growth Prospects of Shopify (SHOP)? [Yahoo! Finance]Yahoo! Finance
- Shopify: A Growth Story That Needs A Shift In Course [Seeking Alpha]Seeking Alpha
- Shopify: Aggressive Expansion Path [Seeking Alpha]Seeking Alpha
- Shopify (SHOP) Registers a Bigger Fall Than the Market: Important Facts to Note [Yahoo! Finance]Yahoo! Finance
SHOP
Earnings
- 2/13/24 - Beat
SHOP
Sec Filings
- 3/22/24 - Form 144
- 3/22/24 - Form 144
- 3/22/24 - Form 144
- SHOP's page on the SEC website