SHOP Shopify Inc

Shopify stock (NYSE:SHOP) (TSE:SHOP) has seen its gains reversed this year, as the e-commerce giant got hit by an unexpected slowdown in demand. The resulting slump in its earnings performance is one of the main reasons why its shares are down over 80% this year. Once trading at more than $150 per share, it currently hovers around the mid-$20 range. Moreover, hedge fund managers are selling off investments in SHOP stock. Hence, we are bearish on SHOP stock. Shopify's outlook looks murky, with consumers choosing offline instead of online channels of late. Its former glory is long gone, and the company has fallen from its pedestal.
https://www.tipranks.com/news/article/shopify-stock-down-over-70-for-the-year-still-not-a-buy?utm_source=advfn.com&utm_medium=referral