A major reason why Shopify stock has done so well recently is its latest earnings report. The thing that caught my eye was, I don't know if "bearish" is the right word to use, but just how -- yeah, for lack of a better word, how bearish BP is on oil, just in terms of part of this announcement, in terms of their writedown was, sort of, their forecasts for what they see for the next 30 years in terms of oil production, the price of oil. The stock has fallen over 4% in the trading session as of 9:41 AM ET. "So, the new CEO, Bernard Looney, which is the name I just love by the way, says that this is a move to reimagine energy and reinvent BP. 3 days ago. If they can fix the rest, I'll try this again. Shopify's Q1 results shows that the challenges facing Shopify stock are intensifying. And I said, "Well I got to try this." And boy! And we've talked a lot about various businesses and various industries accelerating innovation. Their plan is to have 1,200 businesses started up by the end of the year, but could easily see this being expanded down the road.But the reason for that writedown is they essentially said they now predict that Brent crude oil futures prices are going to average $55 per barrel between 2021 and 2050. 2 days ago. And many growth names fared much worse, but not SHOP stock. Returns as of 07/31/2020. All rights reserved. And in a less forgiving environment there’s nothing to suggest SHOP stock can’t trade aggressively lower.Article printed from InvestorPlace Media, https://investorplace.com/2019/09/why-shopify-stock-is-really-tumbling/.As part of its 28% correction, the weekly chart shows Shopify shares broke beneath trend-line support and beneath prior pattern resistance tied to a high-level corrective base last week. It would have been nice to see SHOP stock hold this upper support area, but it’s far from the last straw for buying shares on weakness if other lower technical supports are challenged during a corrective phase.Copyright © 2020 InvestorPlace Media, LLC. View real-time stock prices and stock quotes for a full financial overview. And Burger King has also been struggling with the breakfast foods, obviously, so many people are not commuting in ways that they used to, so their breakfast sales are down. So, hey, there's a chance you can get one of these things for $1.Brian Feroldi, good talking to you. Today Shopify Inc (NYSE: SHOP) traded at above 7%. So, Wall Street wasn't exactly taken off-guard by that. And Walmart did say, they are initially limiting this. How to Buy Stamp Stock Amid Shopify Buyout Rumors. Today Shopify Inc (NYSE: SHOP) is trading at above 7%. Most major averages finished off around 1.5% in volatile conditions. That follows a steep drop earlier in … "But I like their strategy of having multiple brands, and as you mentioned with Yum!, if one's not doing great, another can, kind of, pick up the slack.
Shopify shares actually finished up 21% while hitting market-leading new highs in August.The SHOP stock price chart lays out the next level of support for investors at the psychologically pleasing $300 level. So far today, 1.74 million shares of Shopify have been traded, compared with its average daily volume of 693,252 shares.