Shopify, Inc. Class A (SHOP)

363.85
NYSE
Prev Close 391.33
Day Low/High 340.01 / 403.99
52 Wk Low/High 308.06 / 1,762.92
Exchange NYSE
Shares Outstanding 126.14B
Market Cap 49.36B
P/E Ratio 743.29
Div & Yield N.A. (N.A)

Bought Back SHOP

I bought back the I sold yesterday at $408 for $351 now:  May 19, 2022 ' 03:01 PM EDT DOUG KASS Selling One Quarter of My Shopify Initially purchased eight days ago at about $320, (SHOP) is now trading at $408 (+26%). I am taking off 25% of my long....

More Night Moves: A Quick Look at Overnight Futures

* The market (and money) never sleeps -- and neither do I, it appears! * Futures began a steady rise at 6 p.m. Thursday and- most of the gains have held * The S&P oscillator remains oversold at -5.19%. * Liquidity is sparse and speculation has been ...

Selling One Quarter of My Shopify

Initially purchased eight days ago at about $320, is now trading at $408 (+26%).  I am taking off 25% of my long.  From about a week ago:  May 11, 2022 ' 11:25 AM EDT DOUG KASS 2 Initiations I have initiated small starter positions in (SHOP) ($320.5...

Shopify

Shopify getting jiggy and threatening the high of last week.

Sorry, Buy-and-Hold Types, but My Concern Isn't Beyond the Next Day or Two

Sorry, Buy-and-Hold Types, but My Concern Isn't Beyond the Next Day or Two

That's how a short-term, long-focused trader operates in a bear market.

See SPOT SHOP SNOW

My plan of expanding my gross long exposure by adding several high octane/high beta names is beginning to pay off with big gains in , and .  

Affirm's Bounce Fails to Impress Me

Affirm's Bounce Fails to Impress Me

Don't expect AFRM to rally for long or go very far.

Shop Spot

Two more buys (on a pullback):   * Shopify $341 * Spotify $94.80

Trades

This morning's trades (premarket and regular):  * Added to $99.82 * Added to $61.99 * Added to $256.78 Plus these buys: * $90.11 * $311.86

More Night Moves: A Quick Look at Overnight Futures

* The market (and money) never sleeps -- and neither do I, it appears! * Futures turned slightly lower in the evening -- extending the steady losses of the last week.   * The S&P oscillator grows more oversold. "Workin' on our night moves Trying to ...

Shopify CEO Stock Buy

Shopify's CEO just tweeted that he is buying $10 million of stock personally.

2 Initiations

I have initiated small starter positions in ($320.58) and ($96.78).  Investors in them are traumatized and are obviously down huge.  No one wants to touch technology.  I want to add some beta into my portfolio as is my only high octane holding.  Lik...

Index Road Kill, S&P 500 Has a Pulse, Sector Slaughter, Betting on CEOs

Index Road Kill, S&P 500 Has a Pulse, Sector Slaughter, Betting on CEOs

Plus, we take a revealing look at the movements in the yield curve and pop in on the dismal charts of Shopify and Peloton Interactive.

3 Key Fed Takeaways, the Rally, Deciphering Price Discovery, Less Than Convinced

3 Key Fed Takeaways, the Rally, Deciphering Price Discovery, Less Than Convinced

Has the FOMC heeded Market Recon's advice? Probably not.

We're All Trying to Claw Our Way to the Bottom

We're All Trying to Claw Our Way to the Bottom

All we can find in this market is a slow drip lower -- no capitulation, no whoosh. Let's gain insight into this market by looking at the charts of Roku and Apple -- and hunt for bases.

Shopify Shares Are Still in the Discount Aisle: Our Strategy

Shopify Shares Are Still in the Discount Aisle: Our Strategy

The decline accelerated in January and has not hit bottom.

Shopify's White Knuckle Descent Is Not Over

Shopify's White Knuckle Descent Is Not Over

The charts and indicators of SHOP continue to struggle.

I'm Not Ready to Pull the Trigger on Shopify, But Here's How to Play It

I'm Not Ready to Pull the Trigger on Shopify, But Here's How to Play It

This one is difficult. I love the fundamentals that support the business. I hate the valuation.

PreMarket Movers

Upside - +135% (Hoth Therapeutics mRNA Frame-Shifting Therapeutic, HT-KIT, proves effective against aggressive cancer cells) - +30% (confirms to be acquired by Thoma Bravo for $65.25/shr in cash valued at $6.9B) - +29% (Novel COVID-19 drug candidate...

The Battle Lines Are Drawn

The Battle Lines Are Drawn

We need to watch the price action very closely.

Is the Long Side of Shopify Finally Technically Attractive?

Is the Long Side of Shopify Finally Technically Attractive?

A rebound rally back to around $900 would be nice.

Russia-Ukraine, Relief Rally, PPI, Fed Nominations, Trading Upstart

Russia-Ukraine, Relief Rally, PPI, Fed Nominations, Trading Upstart

Almost forgotten as the investing public priced in a reduced probability for war in eastern Europe, was the January data for producer prices.

A Noteworthy Change Happened Last Friday, but Will It Continue This Week?

A Noteworthy Change Happened Last Friday, but Will It Continue This Week?

Small-caps and stocks that are part of the ARK Innovation ETF fared better than the big growth names on Friday and are worth watching this week.

You Don't Know Who Is Swimming Naked Until the Tide Goes Out

* The Dunning- Kruger Effect is vividly seen these days in the business media and elsewhere * Avoid the self confident and smug talking heads  Business commentators, strategists, analysts, money managers and "talking heads" have short memories - but...

What's Next for Shopify After It Reached Our Downside Price Target?

What's Next for Shopify After It Reached Our Downside Price Target?

Could SHOP make a bounce to the upside?

Is FB Really the Master of the Metaverse?

Is FB Really the Master of the Metaverse?

The metaverse is a forest while Meta Platforms is but a tree -- but a tree on which money still grows. For now.

I Believe in Yesterday

"Yesterday all my troubles seemed so far away. Now it looks as though they're here to stay. Oh, I believe in yesterday." - The Beatles, Yesterday     I will have a lot more about the markets in my opener, "It's Scenario #2."   But before I do I want...

These ETFs Aim for the 'MOON,' but Will They Crash and Burn?

These ETFs Aim for the 'MOON,' but Will They Crash and Burn?

Here's my take on several 'innovation' funds -- and which one might be the best bet.

Shopify's Quant Downgrade Is In Sync With the Technicals

Shopify's Quant Downgrade Is In Sync With the Technicals

A large red candle below the 40-week moving average line is a dramatic-looking-can't-ignore-it sell signal.

Shares of PayPal Continue to Look Technically Weak

Shares of PayPal Continue to Look Technically Weak

Bargain hunters and buy-the-dip players may find PYPL temporarily attractive.