UPDATE 1-Shopify to buy warehouse technology provider for $450 mln [Reuters]
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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Source: Reuters
UPDATE 1-Shopify to buy warehouse technology provider for $450 mln (Adds investor and analyst comments) Sept 9 (Reuters) - Shopify Inc said on Monday it would buy warehouse technology provider 6 River Systems Inc for about $450 million, as it looks to accelerate growth of its fulfillment network. Shopify unveiled plans in June to spend $1 billion to run a warehousing network in the United States to take on the likes of Amazon.com Inc and eBay Inc. The deal underscores how e-commerce companies and investors increasingly view robotics as key to keeping up with shoppers’ expectations for reliable and fast delivery. The news follows Amazon’s acquisition of Canvas Technology earlier this year, which has built autonomous carts that move goods around warehouses. Boston area-based 6 River sells a self-driving cart system called “Chuck” that guides workers through warehouse aisles to pick customer orders in the most systematic way possible. “When the picker is done, they just press a button, a
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SHOP
News
- Shopify Inc. (NYSE: SHOP) was upgraded by analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating. They now have a $85.00 price target on the stock, up previously from $74.00.MarketBeat
- How will the changes to capital gains in Canada affect tech sector? [MoneySense]MoneySense
- Why the Market Dipped But Shopify (SHOP) Gained Today [Yahoo! Finance]Yahoo! Finance
- Tech industry warns capital gains proposals could cause ‘irreparable harm’ [Investment Executive - News]Investment Executive - News
- Shopify Inc. (NYSE: SHOP) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
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