Why Shopify Stock Popped 16% in August
Key Points The stock gave back some gains on concerns about valuation. While the stock looks fully valued, it can move higher through growth in the underlying business. 10 stocks we like better than Shopify › Shares of Shopify (NASDAQ: SHOP) were climbing the charts last month after the e-commerce software superstar turned in strong results in its second-quarter earnings report. It also benefited from an improving outlook for interest rate cuts, which should help Shopify as a growth stock and one t ...