SHOP - Here's Why I'm Buying This Stock-Split Stock Hand Over Fist
2023-11-08 08:05:00 ET
Sometimes you have to admit your mistake and move on. That's exactly what Shopify (NYSE: SHOP) management did when it sold its shipping logistics division business earlier this year. While it parted with that business at a loss, the transformation since that decision has been remarkable.
Since splitting its stock in June 2022, Shopify's stock still hasn't regained the levels it was at before the split. But I wouldn't be surprised if the new and improved Shopify can start clawing its way back to a new all-time high of $170.
Shopify's mission is to make commerce better for everyone. Namely, it gives the little-to-medium guy a chance to fight in the e-commerce battle even while other industry giants have superior resources. By deploying Shopify's products, small and medium-sized businesses can go toe-to-toe with larger competitors and not be outclassed.
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Here's Why I'm Buying This Stock-Split Stock Hand Over Fist