It has been a tough week for Shopify, Inc. (NYSE:SHOP), and it’s only the beginning. On Tuesday, June 25, SHOP stock dropped nearly 10%, and that’s on top of a rough session yesterday.
Here’s what has been happening with Shopify recently.
SHOP Stock Goes for a Plunge… AgainAnalysts are downgrading SHOP stock. That’s the root cause of today’s plunge, just as it was for Monday’s session. On June 24, Roth Capital downgraded the e-commerce stock from Buy to Neutral, a move that sent SHOP stock down around 3%. And then the same thing ...
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